Interactive Data Announces Management Change
April 05 2007 - 8:30AM
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 Steven Crane, president of the Company�s Pricing and
Reference Data business, has resigned, effective April 13, to
accept a position as chief financial officer of a publicly traded,
Massachusetts-based company outside the financial information
industry. Before becoming president of Interactive Data Pricing and
Reference Data in June 2006, Crane served as executive vice
president, chief financial officer and treasurer of Interactive
Data Corporation since November 1999. Stuart Clark, Interactive
Data�s president and chief executive officer, will temporarily
assume Crane�s position as president of the Company�s Pricing and
Reference Data business while consideration is given to Crane�s
replacement. �Steve played a key role in helping us develop the
Interactive Data business during the past eight years,� stated
Stuart Clark. �Although we are disappointed that he has elected to
leave the Company, we certainly wish him well in his new role. At
the same time, we are fortunate to have a deep bench of talent that
can be counted upon to ensure that we maintain the momentum within
our Pricing and Reference Data business.� 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, Interactive Data Pricing and Reference Data,
Interactive Data Real-Time Services, Interactive Data Fixed Income
Analytics, and eSignal, the Company has approximately 2,200
employees in offices located throughout North America, Europe, Asia
and Australia. The Company is headquartered in Bedford, Mass.
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. For
more information about Interactive Data Corporation and its
businesses, please visit www.interactivedata.com.
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