Nasdaq Strengthens Female Leadership With New CFO

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Nasdaq

Editorial Credit: Goran Vrhovac, Shutterstock

Nasdaq announced that Ann Dennison, the company's Senior Vice President, Controller, and Chief Accounting Officer will step into the role of Chief Financial Officer. Dennison will assume the role effective March 1, 2021, following the retirement of current CFO Michael Ptasznik.

When Dennison is elevated to her new position next year, Nasdaq will join a select list of major publicly listed companies, including Gap and Kohls, with women in both the CEO and CFO positions.

Nasdaq org chart

As Nasdaq’s Controller and Chief Accounting Officer, Dennison has been responsible for all areas of the company’s accounting and financial reporting, as well as planning and analysis, tax, procurement, and global accounting operations. She joined the stock exchange five years ago and previously worked at Goldman Sachs as a Managing Director and the Head of Financial Reporting. Dennison, who also spent time at PwC, holds a BBA/MBA, Accounting and Finance from Pace University’s Lubin School of Business.

In a press release, Nasdaq President and CEO Adena Friedman stated that it gives her “Great confidence and pride to know that Ann is stepping into this role.” Friedman went on to say, “Ann is a dedicated leader with a deep understanding of our business and our long-term vision. She has made significant contributions to Nasdaq’s financial soundness in her five years with the company and her diligence and expertise will be significant factors in our growth strategy.”

"Transitioning into the role of CFO at a time when Nasdaq has continued to prove its resilience and innovative thinking is a tremendous opportunity," Dennison added. "I want to thank Michael for his leadership and mentorship, which has been invaluable during our years together. I look forward to continuing to work closely with Adena, the Board of Directors and our employees to further fuel our success as a leading technology company, as well as meeting the needs of our diverse set of stakeholders."

Interested in more content about gender diversity and leadership? Check out: Industries Leading the Charge for Female Leadership Within the Fortune 500

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