IHS Announces Leadership Changes
August 11 2011 - 7:00AM
Business Wire
IHS (NYSE: IHS), the leading global source of critical
information and insight, today announced that Executive Vice
President & Chief Financial Officer Michael Sullivan is leaving
the company on November 30, 2011 for personal reasons. IHS Chairman
and Chief Executive Officer Jerre Stead said that Richard Walker,
IHS senior vice president & chief strategy officer, has been
named Executive Vice President and Chief Financial Officer
replacing Sullivan. Walker will report to Stead.
Sullivan joined IHS in October 1999 as senior vice president and
chief financial officer and was promoted to executive vice
president and CFO in April 2006.
“During his 12-year career at IHS, Mike has been important to
the success of the company, first driving the acceleration of
business performance, then preparing the Company for our successful
IPO in 2005,” Stead said. “Twelve years is a long time for any
executive in a single role and Mike recently indicated a desire to
begin considering the next phase of his professional career, but to
first take a couple of well-deserved months off. We thank Mike for
his outstanding leadership and contributions to making IHS the
global business success that it has become today, and wish him and
his family all the best in the future.”
Sullivan said: “I am very proud of what we have accomplished in
my 12 years at IHS and to have been associated with such a great
team of people. The company is well positioned for continued growth
and success, and Rich Walker is a strong successor and a colleague
for whom I have much respect. I look forward to taking some time
off and then at some point, considering the next opportunity I’d
like to pursue. I am leaving with great appreciation for our
colleagues, customers, board and shareowners, and I know they will
enjoy continued success.”
Stead added: "We are fortunate to have an executive leadership
team with tremendous depth of talent and experience, and I’m
pleased we are able to replace Mike by promoting Rich Walker from
our team. Rich has filled a critical leadership position for IHS as
our Chief Strategy Officer and head of our Corporate Development
team, and his experience and knowledge of our business will help
drive the continued growth and success of the company.”
Walker was named Senior Vice President and Chief Strategy
Officer in March 2011. He served previously as Senior Vice
President with leadership responsibility in Strategy, Marketing,
Corporate Development and Alliances since joining IHS in December
2006. Prior to IHS, Walker was Chief Operating Officer at Autobytel
Inc., where he had also served as Executive Vice President of
Corporate Development and Strategy since January 2003.
Previously, Walker served as Vice President for LoneTree Capital
Management from August 2000 to December 2002 and was Vice President
of Corporate Development for MediaOne from April 1997 to July 2000.
Prior to joining MediaOne, Walker had been with U S WEST
Communications since 1990 where he held a variety of roles
including Manager of Finance, Manager of Market Strategy
Development, Manager of Business Strategy & Finance, Director
of Investor Relations and Executive Director of Corporate
Development. Rich started his career in 1986 with Arthur
Andersen in Atlanta where he spent five years as a Senior
Accountant for the firm’s audit and tax division, and later became
a Senior Accountant for the Financial Consulting Services
Division.
Walker graduated magna cum laude with a Bachelor of Science in
Business Administration/Accounting degree in 1986 from the
University of Colorado. He later received his MBA from the
University of Denver in 1994.
About IHS
(www.ihs.com)
IHS (NYSE: IHS) is the leading source of information and insight
in critical areas that shape today’s business landscape, including
energy and power; design and supply chain; defense, risk and
security; environmental, health and safety (EHS) and
sustainability; country and industry forecasting; and commodities,
pricing and cost. Businesses and governments in more than 165
countries around the globe rely on the comprehensive content,
expert independent analysis and flexible delivery methods of IHS to
make high-impact decisions and develop strategies with speed and
confidence. IHS has been in business since 1959 and became a
publicly traded company on the New York Stock Exchange in 2005.
Headquartered in Englewood, Colorado, USA, IHS employs more than
5,100 people in more than 30 countries around the world.
IHS is a registered trademark of IHS Inc. All other company and
product names may be trademarks of their respective owners.
Copyright © 2011 IHS Inc. All rights reserved.
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