Hardwick Simmons speaks at a press conference in New York on December 8, 2000 where it was announced that he would take over the job of chief executive officer of the Nasdaq Stock Market Inc. on February 1, 2001. Simmons, 60, recently retired from Prudential Securities where he was president and chief executive officer. CEO Frank Zarb will step down on February 1 but remain as chairman for up to a year.

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