Nasdaq Appoints Toni Townes-Whitley to its Board of Directors

Rhea-AI Summary

Nasdaq, Inc. (NDAQ) has appointed Toni Townes-Whitley to its Board of Directors, expanding the board to 11 members. Previously, Townes-Whitley served as President of U.S. Regulated Industries at Microsoft, overseeing a $16 billion portfolio. This strategic move aims to enhance Nasdaq's technology and data analytics capabilities. Townes-Whitley will contribute her extensive industry experience, particularly in digital transformation, serving on the Audit & Risk Committee. Her background also includes leadership roles at CGI Federal and Unisys Corporation.

Positive

• Toni Townes-Whitley's appointment adds significant technology leadership to Nasdaq's Board.
• Her experience in digital transformation is expected to enhance Nasdaq's strategic goals.

Negative

• Concerns about continuity as the board undergoes change with a new member.

NEW YORK, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ), today announced the appointment of Toni Townes-Whitley to its Board of Directors. Townes-Whitley is the former President of U.S. Regulated Industries at Microsoft where she led the company’s sales strategy, execution, and P&L across a $16 billion portfolio of U.S. Financial Services & Insurance, Healthcare & Life Sciences, Federal, State & Local Government and Education industries.

Townes-Whitley’s appointment is effective immediately and expands the Board to 11 directors. She will be a member of the Audit & Risk Committee.

“Toni’s extensive technology industry leadership – particularly in driving digital transformation for a diverse range of clients at Microsoft – will make an immediate contribution to the Board,” said Michael R. Splinter, Chairman, Nasdaq. “We look forward to welcoming Toni to the Board as we advance Nasdaq’s strategic direction to maximize opportunities as a technology and data analytics provider.”

“My passion for leveraging technology to create positive change seamlessly aligns with Nasdaq’s purpose-driven mission,” said Toni Townes-Whitley. “I am honored to join Nasdaq’s Board and work with the management team as they advance the Company’s unique and innovative position to build safe, strong markets that can advance inclusive growth and prosperity for all.”

Prior to joining Microsoft in 2015, Townes-Whitley served as President of CGI Federal, the IT and business consulting services firm, and held several management roles at Unisys Corporation. Townes-Whitley also serves on the boards of the PNC Financial Services Group, Johns Hopkins Medicine, the Thurgood Marshall College Fund, the Partnership for Public Service, the Princeton University Faith, Work & Ethics Initiative, and United Way Worldwide. She received a bachelor’s degree in Public Policy and Economics from Princeton University.

For additional biographical information on Nasdaq’s Board of Directors, please visit: www.nasdaq.com/about/board-of-directors.

About Nasdaq: 

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

Nasdaq Media Contacts:

Marleen Geerlof
(347) 380-3520
marleen.geerlof@nasdaq.com

Will Briganti
(646) 964-8169
william.briganti@nasdaq.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3289c234-f54b-4471-adf0-c5bb018283b1

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FAQ

Who is Toni Townes-Whitley and what is her role at Nasdaq?

Toni Townes-Whitley is the newly appointed member of Nasdaq's Board of Directors, effective immediately, and will also serve on the Audit & Risk Committee.

What is the significance of Townes-Whitley's appointment for Nasdaq?

Her extensive background in technology and digital transformation is expected to strengthen Nasdaq's capabilities in these areas.

What was Townes-Whitley's role at Microsoft?

She was the President of U.S. Regulated Industries, leading a $16 billion portfolio.

How many members are on Nasdaq's Board of Directors now?

With the addition of Toni Townes-Whitley, Nasdaq's Board now has 11 directors.

What industries did Townes-Whitley oversee at Microsoft?

She managed the financial services, healthcare, government, and education industries.