Stocks and bonds

Report: Nasdaq CEO lines up Adena Friedman to become first female leader

Adena Friedman is reportedly the heir apparent for the role of Nasdaq's CEO.(Getty)

According to a report from the Fox Business Network this week, Nasdaq Chief Executive Bob Greifeld is prepared to name president Adena Friedmen to the role of chief operating officer, putting her in line for his position upon retirement. The move would make her the first woman to run a major United States stock market. “[Friedman] being named COO certainly lays the clear indications that she will be leading the company when Greifeld retires,” said Richard Repetto, an analyst for Sandler O’Neill & Partners, told Fox Business. Friedman currently shares her title of president with Hans-Ole Jochumsen. She will keep her role in the position as she becomes COO, according to the Wall Street insiders. Greifeld’s contract is set to end in 2017.

Read the full story at Fox Business.

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