D&B Announces Changes to its Board of Directors.* Appoints Austin A. Adams Effective April 2 * Announces Ronald L. Kuehn's Retirement Effective September 30 SHORT HILLS, N.J. -- D&B (NYSE NYSE See: New York Stock Exchange :DNB DNB Dictionary of National Biography DNB Drum N Bass (music) DNB De Nederlandsche Bank DNB Dun & Bradstreet (stock symbol) DNB Den Norske Bank DNB David Nelson Band ) today announced that Austin A. Adams, former chief information officer of JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1. has been appointed to D&B's Board of Directors, effective immediately. In addition, the Company announced that Ronald L. Kuehn will retire from its Board of Directors effective September 30, 2007. Adams, age 63, was most recently, executive vice president and corporate chief information officer of JPMorgan Chase, the third largest bank holding company in the world. Prior to this role, Adams served as executive vice president and chief information officer of Bank One from 2001 to 2004. Most of Adams' 35-year banking career was in leading technology and operations during dramatic consolidation in the industry. Adams is also a director of Spectra Energy Spectra Energy Corporation (NYSE: SE) is an S&P 500 processor and distributor of natural gas headquartered in Houston, Texas. It is also the new owner of Union Gas, of Chatham, Ontario. , Inc., a public company, and NCO NCO abbr. noncommissioned officer NCO noncommissioned officer NCO n abbr (Mil) (= noncommissioned officer) → Uffz. Corporation, which is owned by JPMorgan private equity. "We are delighted to welcome Austin Adams to D&B's Board of Directors," said Steve Alesio, D&B's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Austin is an accomplished executive who brings to D&B a wealth of experience in financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , technology and M&A, which will prove invaluable as we execute against our strategic growth plan for the future." Kuehn has served as a director of D&B since 1996. Kuehn will reach the company's mandatory retirement A mandatory retirement age is the age at which persons who hold certain jobs or offices are required by statute to step down, or retire. Typically, mandatory retirement ages are justified by the argument that certain occupations are either too dangerous (military personnel) age this year (72) and will continue to serve on the Board for a short while in a period of transition. He is a member of the Audit Committee and was formerly Chairman of the Compensation & Benefits Committee, on which he continues to serve. Kuehn is Chairman of the Board of El Paso El Paso (ĕl pă`sō), city (1990 pop. 515,342), seat of El Paso co., extreme W Tex., on the Rio Grande opposite Juárez, Mex.; inc. 1873. Corporation, a diversified energy company. In addition to serving on the board of El Paso, Kuehn is also a director of Regions Financial Corporation and Praxair, Inc. "Ron has made significant contributions to D&B and its shareholders over the past decade," Alesio said. "He provided valuable insight as we executed the restructuring of D&B and various corporate spin-offs during the late 1990's," Alesio continued. "In our more recent past, he provided guidance in the development of our Blue-print for Growth strategy and added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
In organizational development, succession planning is the process of identifying and preparing suitable employees through mentoring, training and job rotation, to replace key players — such as the chief executive officer (CEO) — as Chair of the Compensation & Benefits Committee. I'd personally like to thank Ron for his wonderful service and dedication to D&B and his guidance to its leaders over time." ABOUT D&B D&B (NYSE:DNB) is the world's leading source of commercial information and insight, enabling companies to Decide with Confidence[R] for 165 years. D&B's global commercial database contains more than 110 million business records. The database is enhanced by D&B's proprietary DUNSRight[R] Quality Process, which transforms the enormous amount of data D&B collects daily into decision-ready insight. Through the D&B Worldwide Network - an unrivaled alliance of D&B and leading business information providers around the world - customers gain access to the world's largest and highest quality global commercial business information database. D&B's customers are many of the world's largest and most successful enterprises as well as mid-size companies and entrepreneurial start-ups. Customers use D&B Risk Management Solutions(TM) to mitigate credit risk, increase cash flow and drive increased profitability; D&B Sales & Marketing Solutions(TM) to increase revenue from new and existing customers; D&B E-Business Solutions(TM) to convert prospects into clients faster by enabling business professionals to research companies, executives and industries; and D&B Supply Management Solutions(TM) to generate ongoing savings through supplier consolidation, and to protect their businesses from supply chain disruption and serious financial, operational and regulatory risk. For more information, please visit www.dnb.com. |
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