NEW YORK--(BUSINESS WIRE)--
MSCI Inc. (NYSE:MSCI), a leading provider of portfolio construction and
risk management tools and services for global investors, today announced
that D. Robert Hale, Partner of ValueAct Capital, has resigned as a
member of the Board of Directors of MSCI, effective immediately. Mr.
Hale was appointed to the Board on March 10, 2015 and was a member of
the Audit Committee.
"On behalf of the Board, the MSCI management team and our shareholders,
I would like to thank Rob for his service on our Board of Directors,"
commented Henry A. Fernandez, Chairman and CEO of MSCI. "MSCI has had a
strong relationship with Rob and ValueAct Capital since the firm first
became a shareholder in 2012, and their counsel and insights have been
invaluable to the Company as we have transformed MSCI. During this time,
we have executed on our growth strategy, implemented segment reporting
and established long-term targets for our segments and the Company. We
have also refined our capital allocation policy, returning approximately
$2 billion in capital to investors through share repurchases and
dividends and establishing new guidelines for gross leverage. And
lastly, we have implemented new compensation programs designed to drive
deeper alignment between compensation and long-term performance for the
benefit of our shareholders. All of these initiatives have
well-positioned MSCI to continue to grow and deliver shareholder value
in the quarters and years ahead."
"I am grateful to Henry and the entire Board and management team of MSCI
for embracing me and the ValueAct Capital team as partners, and working
together tirelessly on strategies to enhance long-term value for all
stakeholders," stated Robert Hale, Partner of ValueAct Capital. "Now
that we have reached the end of our four-year investment in MSCI, our
team is also grateful that it has been highly successful for our
investors and a rich learning experience for our firm. We are confident
that the enduring governance, leadership, strategy and operational
frameworks in place will position MSCI to deliver valuable insights and
tools to its clients, and build value for MSCI stakeholders for years to
come."
About MSCI
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
innovative research.
Our line of products and services includes indexes, analytical models,
data, real estate benchmarks and ESG research.
MSCI serves 97 of the top 100 largest money managers, according to the
most recent P&I ranking.
For more information, visit us at www.msci.com.
MSCI#IR
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
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
forward looking 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, 2015 filed
with the Securities and Exchange Commission ("SEC") on February 26, 2016
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: http://www.businesswire.com/news/home/20160927006659/en/
MSCI Inc.
New York
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Source: MSCI Inc.
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