Former U.S. Congressman and Chairman of The House Financial Services Committee to Communicate NASDAQ Vision Opening Bell to Commence at 9:15 a.m. Followed by Press Conference at 9:45 a.m.
NEW YORK, March 15, 2007 (PRIME NEWSWIRE) -- The Nasdaq Stock Market, Inc. (NASDAQ(r)); (Nasdaq:NDAQ) today announced that it has appointed the Honorable Michael G. Oxley as non-executive Vice Chairman of NASDAQ. In his new position, Mr. Oxley will work with public company chief executives and board members on NASDAQ's behalf and oversee outreach to NASDAQ listed companies on public policy issues. Additionally, he will serve as an advisor to NASDAQ President and Chief Executive Officer Bob Greifeld and the NASDAQ Board of Directors. Oxley will report to Bob Greifeld.
Mr. Oxley joins NASDAQ after a 34-year career in public life, including 25 years of distinguished service in the U.S. Congress and as former Chairman of The House Financial Services Committee.
"Mike Oxley is a top-notch strategic thinker who will partner with us to communicate with listed company CEOs and board members regarding how NASDAQ can support them on both a business and policy level," said Bob Greifeld, President and CEO of NASDAQ. "Mike represents good governance which translates into good business acumen. He has been involved with the capital markets during one of the most dynamic times in history, beginning with his drive to bring decimalization to the capital markets in 2001. We look forward to his contributions."
"NASDAQ is one of the most innovative marketplaces, with the highest listing standards, in the world and I am excited to be involved with this global exchange as it continues to evolve," said Mr. Oxley. "This is a wonderful opportunity for me to work with Bob and his dynamic management team during a time of increasing change and sophistication for the markets. I look forward to working with forward thinking NASDAQ listed companies and the CEOs who define this marketplace to review everything from market evolution, public policy issues and the refinement of Sarbanes Oxley."
In January of 2001, Oxley was chosen by the House leadership to chair the new Financial Services Committee. Building on the previous Banking Committee, the new panel consolidated jurisdiction to address the areas of banking, insurance, securities and exchanges, housing, and monetary policy. Among the panel's many legislative achievements under Oxley's chairmanship are the Sarbanes-Oxley Act to respond to the era of corporate corruption, the Terrorism Risk Insurance Act to resolve the post-9/11 insurance crisis, the anti-money laundering provisions of the USA PATRIOT Act to help track terrorist financing, and the FACT Act that brought consumers the free annual credit report.
Mr. Oxley will have offices in New York and Washington and also serves as Of Counsel with Baker Hostetler.
Editors Note: NASDAQ will be conducting an Opening Bell ceremony today with Bob Greifeld and Michael G. Oxley. Participants who are unable to attend will be allowed to dial-in (listen-only mode) for the press conference portion of the event or access the Opening Bell via web cast and/or the press conference via an audio cast at the following links: http://ir.nasdaq.com/events.cfm and http://www.nasdaq.com/newsroom/presskit/main.stm.
The conference call dial-in is the following: Domestic - 888.802.2279 International - 913.312.1265 Pass Code - 4154037 **Both the conference call and web and audio casts will be listen- only participation.
NASDAQ is the largest U.S. electronic equities exchange. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. electronic market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein may contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the control of The NASDAQ Stock Market, Inc., which could cause actual results to differ materially from historical results, performance or other expectations and from any opinions or statements expressed or implied with respect to future periods. These factors include, but are not limited to, NASDAQ's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in the Company's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
CONTACT: The Nasdaq Stock Market, Inc. Media Contacts: Silvia Davi 646.441.5014 Silvia.firstname.lastname@example.org Wayne Lee 301.978.4875 Wayne.email@example.com
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