Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services to financial institutions, active traders and individual investors, today announced Raymond L. D’Arcy, 56, has succeeded Stuart J. Clark as president and chief executive officer. Clark, 61, will serve as an advisor to the Company before retiring later this summer as previously announced.
This appointment was previously announced as part of the Company’s formal CEO succession process. This process began in May 2008 when Clark announced his intention to retire in 2009 and was further advanced in November 2008 when the Board selected D’Arcy to be the Company’s next leader. In conjunction with this transition, Clark has stepped down from serving as a member of the Board of Directors, and D’Arcy has been appointed to fill this vacancy, effective immediately.
Rona Fairhead, chairman of Interactive Data’s Board of Directors, remarked, “The transition between Ray and Stuart has progressed smoothly, which has allowed us to bring the succession process to completion. I have tremendous confidence in Ray and the Interactive Data team as we collectively work toward expanding our business globally and creating value for all key stakeholders. The Board would like to thank Stuart for being an outstanding chief executive and for helping to establish Interactive Data as a trusted industry leader with a broad range of high-value offerings. We wish Stuart well in his retirement.”
“I am looking forward to leading Interactive Data,” D’Arcy stated. “With an extensive range of high-value offerings, long-term global customer relationships, a talented workforce and a strong balance sheet, we are well positioned to extend our leadership in our core markets. We move forward focused on leveraging our vast array of content, capabilities and distribution channels to address mission-critical areas across our customers’ operations and further fortify the trust that they have placed in our organization.”
D’Arcy concluded, “On behalf of the entire Interactive Data workforce, I would like to thank Stuart for his leadership over the past 13 years. As a result of Stuart’s vision, passion for the business, and management skills, Interactive Data has accumulated the content, capabilities, infrastructure and other resources that now support our expansive global customer base. He has been a great leader, colleague and friend to me over the years, and I appreciate all that he has done over the past several months to facilitate an orderly transition.”
D’Arcy, who has held a variety of senior sales, marketing, product management and finance positions at Interactive Data during the past 30 years, was most recently president of the Company’s sales and marketing organization. As a member of Interactive Data’s senior management team since 1995, D’Arcy has led the Company’s institutional sales organization to 13 consecutive years of revenue growth. In recent years, D’Arcy has played an instrumental role in leading key initiatives that have advanced new institutional sales, further strengthened existing customer relationships and elevated the Company's stature in the financial information industry.
Interactive Data’s Senior Management Group
Under Ray D’Arcy’s leadership, Interactive Data’s senior management group is composed of the following 11 talented, experienced executives: James Farrer, managing director, Interactive Data Asia Pacific; Andrew J. Hajducky, III, executive vice president, chief financial officer and treasurer; Lori Hannay, vice president and chief human resources officer; Mark Hepsworth, president, Institutional Business; Mary Ivaliotis, vice president and chief marketing officer; John L. King, chief operating officer; Andrea H. Loew, executive vice president and general counsel; Roger Sargeant, managing director, international; Chuck Thompson, president, eSignal; Cort J. Williams, president of institutional sales; and Stephan Wolf, chief technology officer.
Biographies for all Interactive Data senior executives, including Ray D’Arcy, can be found on the Company’s website.