|
David P. Warren joined NASDAQ in January 2001 as Chief Administrative Officer (CAO) responsible for human resources purchasing facilities and real estate administration. In July 2001 David assumed an expanded role as Chief Financial Officer responsible for all financial tax and investment matters.
Since joining NASDAQ Mr. Warren has played a key role in NASDAQ's demutalization and separation from its owner-regulator the NASD leading the organization's transformation to a publicly traded for-profit stock exchange. In early 2005 Warren led the exchange's first public offering of common stock. That same year NASDAQ's stock was the number one performer on any market with a 244% total return to investors. Subsequently Warren has overseen two additional secondary offerings in 2006 broadening NASDAQ's investor base and increasing NASDAQ's analyst following.
Warren has been instrumental in overseeing NASDAQ's expense reduction and revenue building program. During his tenure NASDAQ has made a number of acquisitions including the INET ECN in 2005 and the BRUT ECN in 2004. These have been followed by subsequent acquisitions in 2005 and 2006 to build out support services for NASDAQ-listed companies including Shareholder.com investor relations services; Carpenter Moore an insurance broker; and PrimeZone a news wire service.
Warren joined NASDAQ from the Long Island Power Authority (LIPA) where he served as Chief Financial Officer responsible for all financial and administrative activities. LIPA is one of the largest public power authorities in the United States serving over one million customers with more than $2 billion in annual revenues.
While there Warren led the efforts to raise nearly $7 billion to finance the acquisition of the Long Island Lighting Company. He managed seven separate debt offerings over a five-month period including a $3.5 billion issue of tax-exempt bonds the largest single offering ever sold in the municipal market. The Institutional Investor and Euromoney magazine named this issue "Deal of the Year."
Prior to his appointment at LIPA Warren served as Deputy Treasurer of the State of Connecticut. As such he served as chief operating officer for a state agency responsible for the State's cash and debt management programs and for the administration of a $17 billion pension system for state employees. His primary responsibility was the management of the State's public finance programs including the sale of nearly $1 billion in tax-exempt debt each year to fund the State's capital projects. Warren directed the development of the financing program for UCONN 2000 an innovative 10-year $1.25 billion capital program for the University of Connecticut. He also structured a financing program to closeout the Second Injury Fund a State-run workers' compensation insurance program.
Before entering the public sector Warren was a Vice President at CS First Boston where he specialized in the financing of infrastructure economic development and transportation projects for state and local governments.
A frequent public speaker Warren has spoken before groups including Financial Executives International and the CEO Roundtable. He has testified before Congress on regulatory issues including Sarbanes-Oxley.
Warren holds an M.B.A. from the Yale School of Management and a B.A. from Wesleyan University. | 