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Net Net: Promoting innovation and managing change

Nasdaq tees up likely successor to Greifeld for CEO job

Adena Friedman
David Paul Morris | Bloomberg | Getty Images

The heir apparent to Robert Greifeld appears to be in place at the Nasdaq stock exchange.

Adena Friedman, 44, will take over as co-president at Nasdaq-OMX, where she returns after a three-year stint at Carlyle Group, according to a Wall Street Journal report.

The newspaper quoted a person familiar with the company's succession plans saying Friedman is the "leading candidate" to take the reins from Greifeld, who has two years left on his contract but could step down sooner.

During his time running the tech-dominated exchange, Greifeld, 56, has come under fire for the botched Facebook initial public offering as well as 2013's "Flash Freeze," which halted trading for three hours.

Greifeld said his contract represented a "commitment to the board," but he had no other comment about his plans, the Journal said.

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