One of the fastest growing providers of financial markets data and technology provider, Barchart, has announced that the firm has selected a new Chief Executive Officer (CEO). The company has tapped into its internal talent pool to promote Mark Haraburda after he served as Managing Director of Business Development and Sales for Barchart since 2007.
The current CEO of Barchart, Andrew Lowdon, will continue on as Chief Operating Officer (COO) and will be holding the role of Chairman of the Board of Directors of the firm. The latest executive appointment of Haraburda as CEO puts him amongst the other top executives of the company, the founders of the firm Lowdon and Eero Pikat, who serve as President and Chief Technology Officer.
The main responsibilities of Haraburda will be to ensure that the company continues growing and include the business development and strategic direction of the firm that has become one of the leaders in market data and financial technology. While serving as Managing Director, Haraburda was responsible for Barchart’s institutional sales and marketing and the firm’s agricultural technology division, AgriCharts.
Commenting on the promotion of Haraburda to the CEO role, one of the founders of the firm, Lowdon, said: ”Since joining our firm 9 years ago, Mark has had a significant impact on the growth of our business. He’s successfully built out our sales and marketing staffs, established our agricultural technology division as a leader in that space and spearheaded our acquisition of Stockgroup.”
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“Mark also has impressive prior experience in the financial markets, notably with the CBOT as that organization underwent enormous technological and structural changes and with the CBOE as it established a futures exchange. Mark has a keen sense of detail and know-how to planning, organizing and executing the pieces to grow a business,” Lowdon added.
Before joining Barchart, Haraburda worked at a number of financial institutions including Bank One, the Chicago Board of Trade and the Chicago Board of Options Exchange.
Commenting on his new position in the firm, Haraburda shared: “From the retail to the institutional side, and across so many industries, including financial services, commodities, media and technology, we’ve developed a thriving business which I’m dedicated to continuing to grow. Barchart has become a household name in the world of market data but it’s a large industry and we are still a small firm compared to some of our competitors.”
“There are significant opportunities to expand, including new content sets, products, and regions, as well as by adding value to our existing relationships. Also, we will continue to stand-out by focusing on a superior customer experience, which includes our technology, reliability and support,” Haraburda concluded.