Myra Drucker Appointed to Interactive Data Board of DirectorsMyra R. Drucker, former chief investment officer for General Motors
December 14 2006 - 9:00AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related services to financial
institutions, active traders and individual investors, today
announced that Myra R. Drucker has been appointed to the Company�s
Board of Directors. Drucker, an independent director, succeeds Alan
Hirschfield who retired from the Board earlier this year. She will
also serve on the Board�s Independent Committee. Drucker, 58,
currently serves as an independent trustee of the Putnam Mutual
Funds; a member of the board of NYSE LLC, a subsidiary of NYSE
Group (NYSE: NYX); and an advisor to RCM Capital Management. She is
chair of the board of Commonfund; vice chair of the board of Sarah
Lawrence College; and a member of the investment committee of the
Kresge Foundation. Drucker was formerly managing director of
General Motors Asset Management (GMAM) and chief investment officer
of General Motors Trust Bank. Prior to joining GMAM, Drucker was
chief investment officer at Xerox Corporation. �We are delighted
that Myra has joined the Interactive Data Board,� stated John
Makinson, chairman of the Interactive Data Board of Directors. �Her
extensive experience in the investment management industry and her
understanding of the complex challenges facing investment firms
today make her an excellent fit for Interactive Data. We look
forward to her counsel and insights as we work with senior
management to develop, refine and implement the Company�s growth
strategies worldwide.� Since September 2006, Interactive Data has
appointed three new directors to its Board, including today�s
addition of Drucker. There are now 10 members on Interactive Data�s
Board of Directors. Drucker received a B.A. degree in literature
and psychology from Sarah Lawrence College and pursued graduate
studies in economics, statistics and portfolio theory at Temple
University. Forward-looking and Cautionary Statements This press
release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
and is subject to the safe-harbor created by such Act and laws.
These statements include our statement regarding Ms. Drucker�s role
in helping senior management develop, refine and implement
Interactive Data's growth strategies worldwide. These statements
are subject to known and unknown risks, uncertainties and other
factors that may cause actual results to be materially different
from those contemplated by the forward-looking statements. Such
factors include, but are not limited to: (i) the presence of
competitors with greater financial resources than ours and their
strategic response to our services and offerings; (ii) the
possibility of a prolonged outage or other major unexpected
operational difficulty at any of our key facilities; (iii) our
ability to maintain relationships with our key suppliers and
providers of financial market data; (iv) our ability to maintain
our relationships with service bureaus and custodian banks; (v) a
decline in activity levels in the securities markets; (vi)
consolidation of financial services companies, both within an
industry and across industries; (vii) the continuing impact of
cost-containment pressures across the industries we serve; (viii)
new offerings by competitors or new technologies that could cause
our offerings or services to become less competitive or obsolete;
(ix) our ability to develop new and enhanced service offerings and
our ability to market and sell those new and enhanced offerings
successfully to new and existing customers; (x) our ability to
negotiate and enter into strategic alliances or acquisitions on
favorable terms, if at all; (xi) our ability to derive the
anticipated benefits from our strategic alliances or acquisitions
in the desired time frame, if at all; (xii) potential regulatory
investigations of us or our customers relating to our services;
(xiii) the regulatory requirements applicable to our business,
including our FT Interactive Data Corporation subsidiary, which is
a registered investment adviser; (xiv) our ability to attract and
retain key personnel; (xv) the ability of our majority shareholder
to exert influence over our affairs, including the ability to
approve or disapprove any corporate actions submitted to a vote of
our stockholders; and (xvi) other factors identified in our most
recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q
filed with the Securities and Exchange Commission. We undertake no
obligation to update these forward-looking statements. About
Interactive Data Corporation Interactive Data Corporation (NYSE:
IDC) is a leading global provider of financial market data,
analytics and related services to financial institutions, active
traders and individual investors. The Company�s businesses supply
time-sensitive pricing, evaluations and reference data for more
than 3.5 million securities traded around the world, including
hard-to-value instruments. Many of the world's best-known financial
service and software companies subscribe to the Company's services
in support of their trading, analysis, portfolio management and
valuation activities. Through its businesses, FT Interactive Data,
ComStock, CMS BondEdge and eSignal, Interactive Data has
approximately 2,200 employees in offices located throughout North
America, Europe, Asia and Australia, and is headquartered in
Bedford, MA. Pearson plc (NYSE: PSO; LSE:PSON), an international
media company, whose businesses include the Financial Times Group,
Pearson Education, and the Penguin Group, owns approximately 62
percent of the outstanding common stock of Interactive Data
Corporation. The FT Interactive Data business includes FT
Interactive Data Corporation, a Delaware corporation. The ComStock
business includes ComStock, Inc., a New York corporation. The
Interactive Data Managed Solutions business includes Interactive
Data Managed Solutions, a Frankfurt, Germany corporation.
IS.Teledata AG was renamed as Interactive Data Managed Solutions in
2006 following Interactive Data�s acquisition of IS.Teledata in
mid-December 2005.
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