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Nasdaq: Nasdaq Chief Financial Officer Lee Shavel to Retire

NEW YORK, Jan. 28, 2016 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) today
announced that Lee Shavel, Chief Financial Officer and Executive Vice
President, Corporate Strategy will retire, effective March 31, 2016.

Shavel joined Nasdaq in 2011 from Bank of America Merrill Lynch and was
responsible for Accounting, Treasury, Corporate Strategy, Financial
Planning&Analysis, Investor Relations, Risk Management and Global Facilities.
During his nearly five-year tenure as CFO, Shavel advanced the company's
return on invested capital framework to guide capital allocation decisions,
initiated the company's dividend and dividend policy as a core pillar of
capital deployment, and reorganized the company's financial reporting with
increased transparency. Since adding Mr. Shavel to the senior leadership
team, Nasdaq's total shareholder return has more than doubled that of the S&P
500, and both absolute and relative valuation have improved substantially.

"We have been fortunate to have someone with Lee's talent and skills working
for us," said Bob Greifeld, CEO, Nasdaq. "He has been instrumental in
framing our capital allocation strategy and in helping investors understand
the value of our company. We thank him for his valuable service to our
organization and wish him well in the future."

"I have been honored to serve Nasdaq and am particularly gratified that the
policies I've implemented have contributed to increased value for
shareholders," said Lee Shavel, CFO, Nasdaq. "Having accomplished much
during my time here, I leave knowing that the company is in a strong
financial position. I am excited to pursue the next chapter of my career
which will apply my experience at the corporate board level."

Shavel has accepted a position to join the Board of Directors of a public

Ron Hassen, Senior Vice President and Corporate Controller, Nasdaq, will serve
as interim CFO, as the company conducts an active search to fill the role.
Mr. Hassen has been with Nasdaq for nearly 15 years and previously served as
interim Chief Financial Officer.

About Nasdaq:

Nasdaq, Inc. (Nasdaq:NDAQ) is a leading provider of trading, clearing,
exchange technology, listing, information and public company services across
six continents. Through its diverse portfolio of solutions, Nasdaq enables
customers to plan, optimize and execute their business vision with
confidence, using proven technologies that provide transparency and insight
for navigating today's global capital markets. As the creator of the world's
first electronic stock market, its technology powers more than 70
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to more than 3,600 listed companies with a
market value of approximately $8.8 trillion and more than 10,000 corporate
clients. To learn more, visit: or


Media Relations Contacts:

Linda Recupero
+1 212 231 5534

Joseph Christinat
+1 646 441 5121


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nasdaq via Globenewswire


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