Executive Vice President of Global Information Services, NASDAQ OMX
"It has been an amazing personal and professional journey, and I feel fortunate to have been a part of it all."
New York - NASDAQ OMX has announced longtime senior executive John L. Jacobs will retire after more than 30 years of leadership and service to the company.
Effective January 2, 2015, Mr. Jacobs will retire from his position as Executive Vice President of Global Information Services, comprising the company's data products and index services businesses. Mr. Jacobs has agreed to serve as a strategic advisor to the company through 2015. The company has begun an internal and external search for his successor.
"It is rare to have the opportunity during your career to work with someone of John's character and caliber," commented Bob Greifeld, CEO, NASDAQ OMX. "We have been incredibly fortunate to be the beneficiary of his leadership, countless contributions and dedication-much of which has indelibly influenced the company NASDAQ OMX is today. What is more remarkable is the untiring energy and passion for the business and the industry he has shown for the last three decades. We thank him and his family today for his service to this organization."
Mr. Jacobs joined the company in 1983 as a business analyst and served in a variety of roles over the years, including leading NASDAQ's first IPO sales force and the company's first customer service teams when NASDAQ was still part of the National Association of Securities Dealers. In 1999, he created and launched one of the first Exchange Traded Funds (ETFs), the NASDAQ-100 Index Tracking StockSM (QQQ). In 2001, he was named Chief Marketing Officer and Executive Vice President of Index Services. In his role as EVP of Information Services, a position he continues to hold today, he built the company's index business from its infancy to its current position, generating more than $100 million in annual revenue.
"My decision to retire was not an easy one," said Jacobs. "This is more than a company with a powerful brand and a solid business; it is one that is made up of great people who come together every day to do truly innovative things. It has been an amazing personal and professional journey, and I feel fortunate to have been a part of it all."