Adena Friedman Returns to Nasdaq


WATCH: More market update videos on TheStreet TV | More videos from Brittany Umar

NEW YORK (TheStreet) -- Nasdaq OMX Group said it has re-hired Adena Friedman to be the company's president of global corporate and information technology solutions.  Friedman, who began her career at Nasdaq, left in 2011 to serve as chief financial officer at private-equity firm Carlyle Group.

VIDEO TRANSCRIPT:

Nasdaq OMX Group (NDAQ) said it has re-hired Adena Friedman to be the company's president of global corporate and information technology solutions.

Friedman originally began her career at Nasdaq. She returns to the company after leaving in 2011 to serve as chief financial officer at private-equity firm Carlyle Group. Friedman will report to CEO Robert Greifeld, and is his likely successor when his contract expires in 2017, according to a report by The Wall Street Journal. Greifeld has come under fire for a series of incidents at the Nasdaq, including the problematic Facebook (FB) IPO in 2012 and the software glitch that halted trading for several hours last August.

Friedman's hiring is part of an executive restructuring and will correspond with the promotion of Hans-Ole Jochumsen to president of global trading and market services.  Friedman will begin her new role at the exchange on June 12.

In New York, I'm Brittany Umar for TheStreet.

-- Written by Brittany Umar in New York.

More from Opinion

It's Just Not Smart For Investors to Ignore the Threat of a Trade War

It's Just Not Smart For Investors to Ignore the Threat of a Trade War

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

Flashback Friday in Politics: Trade Wars, Manafort, Immigration Dominate Minds

Flashback Friday in Politics: Trade Wars, Manafort, Immigration Dominate Minds

Microsoft and Sony's Rumored Game Console Plans Bode Well for AMD

Microsoft and Sony's Rumored Game Console Plans Bode Well for AMD

Apple Supplier Jabil Is Tumbling, But Its Sales Momentum Remains Strong

Apple Supplier Jabil Is Tumbling, But Its Sales Momentum Remains Strong