Interactive Data Names Stephan Wolf Chief Technology Officer
July 28 2008 - 7:30AM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related services, today
announced that the Company has appointed Stephan Wolf, formerly
chairman of the executive board of Interactive Data Managed
Solutions, as the chief technology officer, effective immediately.
In this newly created, pan-Interactive Data position, Wolf will be
responsible for formulating and directing the Company�s global
information technology strategy to support the Company�s data
collection, delivery and product development organizations. Wolf,
48, will continue to be based in the Company�s Frankfurt, Germany
office. He will report directly to Stuart J. Clark, Interactive
Data�s president and chief executive officer. �Appointing Stephan
to this new position further builds upon the actions we�ve taken to
support our �One Company, One Vision� initiative, which is aimed at
increasingly operating as a single global enterprise,� stated
Stuart Clark. �He brings a unique perspective to this role, having
directed extensive collaboration efforts between our Managed
Solutions business and Interactive Data�s other businesses over the
past two years with a focus on driving innovation and delivering
compelling value to our clients. I am confident that under
Stephan�s direction, we will continue to generate attractive
returns on prudent technology investments.� �It is an exciting time
to assume leadership for Interactive Data�s technology
initiatives,� commented Stephan Wolf. �I look forward to working
with our senior management team, IT staff and operations teams to
harness the content, capabilities, infrastructure and talent across
our global organization as part of our ongoing efforts to drive
productivity and respond to emerging and evolving customer needs.�
Carsten Dirks, formerly chief sales officer at Interactive Data
Managed Solutions, will succeed Wolf in leading the Interactive
Data Managed Solutions business as managing director and chairman
of the executive board. Dirks, 39, will report directly to Mark
Hepsworth, president of Interactive Data�s Institutional Business.
In this role, he will be responsible for overseeing the global
management and development for this business. Interactive Data
Managed Solutions, which is managed as part of Interactive Data
Real-Time Services, is a leading provider and operator of
customized financial market information systems to more than 250
retail banks, private banks, investment banks, issuers, asset
managers, online brokers and media portals worldwide. Stephan Wolf
Biography: As chairman of the executive board of Interactive Data
Managed Solutions, which is part of the Interactive Data's
Real-Time Services business, Wolf was responsible for leading the
development and implementation of key product, sales and business
development strategies and working closely with other Interactive
Data executives to expand this business around the world. He led
this business since Interactive Data acquired IS.Teledata in
mid-December 2005. Prior to the acquisition, Wolf co-founded IS
Innovative Software GmbH in 1989 and served as its managing
director. He was later named CEO and then spokesman of the
executive board of IS.Teledata, which was formed in 2003 when IS
Innovative Software merged with OnVista Technologies GmbH.
IS.Teledata was subsequently renamed as Interactive Data Managed
Solutions in July 2006. He holds a degree in Business
Administration and has held positions at the Wissenschaftliche
Hochschule f�r Unternehmensf�hrung (WHU) in Koblenz, Germany, and
Johann-Wolfgang-Goethe University in Frankfurt/Main, Germany. For
additional information about Stephan Wolf, including access to a
current photograph, please refer to the Interactive Data website
(www.interactivedata.com). Carsten Dirks Biography: As a member of
the executive board and chief sales officer, Carsten Dirks was
responsible for international sales activities at Interactive Data
Managed Solutions. He has been with this business since 2001 and
was appointed Chief Sales Officer and member of the executive board
after the acquisition of IS.Teledata by Interactive Data
Corporation in December 2005. Dirks served as Director of
International Sales with responsibility for sales activities in
Germany, Austria, France, Great Britain, Italy, Spain and
Switzerland when IS Innovative Software and OnVista Technologies
GmbH merged to form IS.Teledata. In 2005, he was also appointed
General Manager of IS.Teledata Nordic Oy, in Helsinki, Finland.
Previously, he headed the Corporate Solutions department of IS
Innovative Software, overseeing sales and project business for
German customers. Before that, Dirks held positions at AT&T,
Hewlett Packard, DaimlerChrysler and SAP. He holds a degree in
business administration and studied in Frankfurt, Germany, and
Clemson University in South Carolina. For additional information
about Carsten Dirks, including access to a current photograph,
please refer to the Interactive Data Managed Solutions website
(www.interactivedata-ms.com). 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 federal securities laws, and is subject to
the safe-harbor created by such Act and laws. Forward-looking
statements include all statements that are not historical
statements and include our statements discussing our goals,
beliefs, strategies, objectives, plans, prospects and
opportunities, our statements about Stuart Clark�s intention to
retire during 2009, the appointment of a new president and chief
executive officer, and an orderly, seamless transition of
leadership between Stuart Clark and the new president and CEO.
These statements are subject to known and unknown risks,
uncertainties, assumptions 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) our ability to attract and retain key personnel;
and (ii) the ability of our majority shareholder to exert influence
over our affairs; and 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
real-time market data, time-sensitive pricing, evaluations and
reference data for millions of 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 2,300 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, is Interactive Data Corporation's majority
stockholder. Interactive Data Corporation is celebrating its 40th
anniversary in 2008. Interactive Data Managed Solutions is a
leading provider and operator of customized financial information
systems. The group builds and manages Web-based financial market
data portals and terminals for a range of organizations worldwide,
from retail and investment banks to asset managers, online brokers,
stock exchanges and media portals. By aggregating a broad set of
financial data and client-proprietary content and offering visually
stunning features such as charts, sophisticated search functions,
decision-support tools and analytics, these intuitive applications
can help customers optimize their business processes and realize
efficiencies. Interactive Data Managed Solutions is managed as part
of the Interactive Data Real-Time Services business, which provides
a comprehensive suite of offerings that includes PlusFeed(SM), a
consolidated, low latency datafeed. For more information about
Interactive Data Corporation and its businesses, please visit
www.interactivedata.com.
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