NEW YORK--(BUSINESS WIRE)--
MSCI Inc. (NYSE: MSCI), a leading provider of indexes and portfolio
construction and risk management tools and services for global
investors, announced today that Rodolphe ("Skip") M. Vallee and Patrick
Tierney will retire from the MSCI Board of Directors. Mr. Vallee's
retirement will be effective at the upcoming MSCI 2018 Annual Meeting of
Shareholders on May 10, 2018, which is the end of his current term. Mr.
Tierney's retirement will be effective May 1, 2018. Mr. Vallee has
served as a director since 2008 and MSCI's Lead Director since 2010. Mr.
Tierney has served as a director since 2010. The independent directors
have elected Robert G. Ashe as Lead Director, effective April 30, 2018.
Mr. Ashe has served as a director since 2013.
"I have enjoyed working closely with Skip as Lead Director, a role in
which he helped forge an effective collaboration between the Board and
senior management to set MSCI's strategic direction and ensure a strong
focus on driving shareholder value. Having joined the Board shortly
after our IPO, Skip has been integral to developing the Board's
operating framework, building a Board with a diverse and robust set of
skills and experiences and strengthening our risk management program,"
said Henry A. Fernandez, MSCI's Chairman and Chief Executive Officer.
"His entrepreneurial spirit, business acumen and commitment to
delivering shareholder value have been invaluable during a period of
significant growth in our first ten years as a public company."
"Over the years, the MSCI Board and senior management have greatly
benefited from Pat's expertise and counsel on various aspects of
managing a complex and global business, including with respect to M&A
transactions, and from his service on the Compensation & Talent
Management Committee, where he has advised management on the performance
culture transformation that underlies the successful execution of our
strategy. Through Pat's many contributions, the Board has evolved into
being a more effective governing body," said Mr. Fernandez.
"In his roles as Chair of the Strategy and Finance Committee and as a
member of the Audit Committee, Rob has successfully advised senior
management with respect to its strategic initiatives, as well as
business management and technology-related matters. I am confident that
Rob will be a strong and effective independent lead director and I look
forward to working with him as we continue to evolve and transform our
business to capitalize on the many opportunities that lie ahead,"
commented Mr. Fernandez.
"On behalf of the Board, the MSCI management team and our shareholders,
I want to express my deep appreciation to both Skip and Pat for their
relentless dedication in helping MSCI play a vital role in the global
investment industry. We will miss having them as members of our Board
and wish them all the best in their next endeavors," concluded Mr.
For more than 40 years, MSCI's research-based indexes and analytics have
helped the world's leading investors build and manage better portfolios.
Clients rely on our offerings for deeper insights into the drivers of
performance and risk in their portfolios, broad asset class coverage and
Our line of products and services includes indexes, analytical models,
data, real estate benchmarks and ESG research.
MSCI serves 99 of the top 100 largest money managers, according to the
most recent P&I ranking.
For more information, visit us at www.msci.com.
Website and Social Media Disclosure
MSCI uses its website and corporate Twitter account (@MSCI_Inc) as
channels of distribution of company information. The information we post
through these channels may be deemed material. Accordingly, investors
should monitor these channels, in addition to following our press
releases, SEC filings and public conference calls and webcasts. In
addition, you may automatically receive email alerts and other
information about MSCI when you subscribe to the notification service
available through MSCI's Investor Relations homepage by visiting the
"Email Alert Subscription" section at http://ir.msci.com/alerts.cfm.
The contents of MSCI's website and social media channels are not,
however, incorporated by reference into this release.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements relate to future events or to future
financial performance and involve known and unknown risks, uncertainties
and other factors that may cause our actual results, levels of activity,
performance or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or
implied by these statements. In some cases, you can identify
forward-looking statements by the use of words such as "may," "could,"
"expect," "intend," "plan," "seek," "anticipate," "believe," "estimate,"
"predict," "potential" or "continue," or the negative of these terms or
other comparable terminology. You should not place undue reliance on
forward-looking statements because they involve known and unknown risks,
uncertainties and other factors that are, in some cases, beyond our
control and that could materially affect our actual results, levels of
activity, performance or achievements.
Other factors that could materially affect actual results, levels of
activity, performance or achievements can be found in MSCI's Annual
Report on Form 10-K for the fiscal year ended December 31, 2017 filed
with the Securities and Exchange Commission ("SEC") on February 26, 2018
and in quarterly reports on Form 10-Q and current reports on Form 8-K
filed or furnished with the SEC. If any of these risks or uncertainties
materialize, or if our underlying assumptions prove to be incorrect,
actual results may vary significantly from what MSCI projected. Any
forward-looking statement in this press release reflects MSCI's current
views with respect to future events and is subject to these and other
risks, uncertainties and assumptions relating to MSCI's operations,
results of operations, growth strategy and liquidity. MSCI assumes no
obligation to publicly update or revise these forward-looking statements
for any reason, whether as a result of new information, future events,
or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180319006286/en/
Andrew Wiechmann, +
Source: MSCI Inc.
News Provided by Acquire Media