Dow Jones & Company CFO Jerry Bailey to Leave Company for Personal Family Reasons When Successor is Named and in Place; Company Launches Outside Search for New CFO.Business Editors NEW YORK--(BUSINESS WIRE)--September 21, 2000 Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance & Company announced today that Jerry Bailey, an executive vice president and its chief financial officer, has concluded that he needs to leave the Company for personal family reasons. The move will take effect when a successor has been named and is in place. Until then Mr. Bailey will continue in his duties, but on a somewhat reduced schedule. Dow Jones also announced that it is immediately beginning a search to recruit a new chief financial officer from outside the Company. Peter R. Kann, chairman and chief executive officer, said "We are saddened that Jerry's personal family needs have led him to conclude that he should leave Dow Jones. He has been an extraordinarily effective agent of change at our Company and a valued colleague, and remains a good friend. We're very pleased that Jerry has agreed to remain until we can locate and bring on board his successor, and conduct an orderly transition." Mr. Kann continued, "In looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a new CFO See Chief Financial Officer. , we'll really be looking for another Jerry Bailey." Mr. Bailey said, "I have deeply appreciated the opportunity to have worked at Dow Jones, and I'm proud of what we've accomplished in the last two and a half years. The Company's results, leadership, culture and strategy are all enormously strong. I have simply gotten to a point where I need to commit a far more significant component of my time to my family. I have high confidence that I leave behind senior colleagues and a broad team who are more than up to the challenge." Dow Jones & Company (NYSE NYSE See: New York Stock Exchange : DJ; www.dj.com) publishes The Wall Street Journal and its international and online editions, Barron's and SmartMoney magazines and other periodicals, Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July , Dow Jones Indexes, and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Excite@Home of Work.com, and with NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. of the CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. |
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