NEW YORK, Jan 29 (Bernama-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.
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