New Finance Chief Makes Nasdaq One Of Few S&P 500 Companies With Women In The CEO And CFO Role

Nasdaq this week appointed Controller and Chief Accounting Official Ann Dennison as its new CFO, effective March 1, 2021. When she succeeds Michael Ptasznik, that has been with the company because 2016 and plans to retire in February, Nasdaq will become the fifth SAndP 500 organization to possess ladies helming the CFO and Chief executive officer functions.

Dennison, who has been with the carry change for five years, has more than 2 decades of experience in fiscal revealing and evaluation. She is responsible for the company’s accounting and financial reporting, in addition to its planning and analysis, procurement, tax and global accounting operations, as controller and chief accounting officer. Just before enrolling in Nasdaq, Dennison was handling director, mind of fiscal confirming at Goldman Sachs and she also provided being an auditor at PwC. She is going to report to Adena Friedman, Nasdaq’s leader and Chief executive officer considering that 2017.

“Ann is actually a devoted director using a deep idea of our organization and our long term perspective,” stated Friedman inside a declaration. “She made substantial efforts to Nasdaq’s monetary soundness in their 5yrs together with the company and her expertise and diligence will be considerable factors in our progress method.”

Previously this week, Nasdaq introduced its thirdly-quarter effects, which uncovered internet income were actually $715 zillion, an increase of 13Per cent through the previous year time, expected partly to heightened trading volumes and an uptick in IPOs. When Dennison assumes her new role in 5 several weeks, she’s prone to find herself contending with the evenly unstable marketplace about the high heels of your You.S. presidential political election and amid a pandemic that is displayed no indications of allowing up.

“Transitioning in the position of CFO at the same time when Nasdaq has carried on to prove its strength and progressive pondering is really a tremendous option,” Dennison mentioned within a statement. “I wish to appreciate Michael for his leadership and mentorship, which has been crucial throughout our many years together. I look ahead to continuous to function directly with Adena, the Table of Directors and our staff members to advance fuel our achievement as being a major technologies firm, along with reaching the requirements of our diversified set of stakeholders.”

According to a study by S&P Global, businesses with female CFOs and CEOs are more likely to see above average stock price performance, and those with women finance chiefs specifically generated excess profits of $1.8 trillion over the 17-year period assessed for the study. Despite this, executive recruiting firm Crist Kolder Associates’s annual volatility report finds that 13.4% of S&P 500 and Fortune 500 companies have female CFOs, improvement no doubt from 8.7% in 2010, but a reminder of just how far women leaders still have to go.