Also at the February meeting, Hardwick (Wick) Simmons, former chairman and CEO of the NASDAQ stock market, was appointed lead director. Prior to joining NASDAQ in 2001, Simmons served as president and CEO of Prudential Securities for more than a decade. He was also president of the Private Client Group at Shearson Lehman Brothers from 1983 to 1990. Simmons is a former chairman of the Securities Industry Association, a former director of the Chicago Board of Options Exchange and a former president of the Bond Club of New York. He is a director and Executive Committee member of the New York City Partnership and serves on the board of the National Academy Foundation.