Schapiro Takes Helm Early

NASD's Glauber leaving earlier than planned

Mary Schapiro will become chairman and CEO of the NASD as of August 31, 2006 following current CEO Robert Glauber's earlier-than-scheduled departure from the regulator. Glauber is leaving to rejoin Harvard as a visiting professor at Harvard Law School, according to a July 26 announcement from NASD. Schapiro, 51, is currently vice chairman and president of NASD's regulatory policy and oversight division. Glauber joined NASD in 2000 from Harvard's Kennedy School of Government; he became chairman in 2001.

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