Carlyle CFO To Nasdaq As Possible Future CEO

May 12 2014 | 12:36pm ET

The Carlyle Group’s CFO is returning to Nasdaq OMX Group, where she will be the frontrunner to eventually succeed CEO Robert Greifeld.

Adena Friedman has been the private-equity firm’s finance chief since 2011. At Nasdaq, she’ll serve as co-president, focusing on global corporate and information technology solutions.

“We are sad to see Adena go but understand this is a once-in-a-lifetime opportunity for her to serve as their president and to be the leading candidate to some day run Nasdaq,” Carlyle co-founder David Rubenstein said.

Carlyle said that Curtis Buser, its chief accounting officer, will take over as interim CFO.

Greifeld has more than two years remaining on his contract with Nasdaq. But the company has been working on a succession plan since last year and Friedman—who was widely considered the leading candidate to succeed Greifeld before she left in 2011—made the list, and near its top, according to The Wall Street Journal.

Friedman formally returns to Nasdaq on June 12.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...