DâArcy, 56, has served in a variety of executive roles during his 29-year tenure with Interactive Data Corporation. In his most recent role as president of Interactive Dataâs sales and marketing organization, DâArcy has led the unification of Interactive Dataâs two largest institutional sales, account management and client service organizations, and played an instrumental role in refining and building the Interactive Data brand across the Companyâs Institutional Services segment. During his tenure with Interactive Data, DâArcy has been successful in driving new sales, championing the introduction of innovative new offerings, and building enduring relationships with many of the worldâs foremost financial institutions.
As previously announced, Interactive Dataâs Board of Directors initiated a formal CEO succession process in May 2008, when Clark informed the Board of his intention to retire in 2009. Clark will work closely with DâArcy to facilitate a smooth, orderly transition of the CEO role during the first half of 2009.
Speaking for the Board, Rona Fairhead, chairman of the Board of Directors, stated, âWe are delighted to select Ray DâArcy as Interactive Dataâs next leader. We have been enormously impressed by Ray in his existing role â he has a keen understanding of our customersâ needs and the ways in which Interactive Data can best build upon the trust it has earned with these customers. His three decades of experience with Interactive Data provides enormous stability and continuity, and gives us confidence that the Companyâs momentum in the marketplace can be maintained. We look forward to working with Ray to build on Interactive Dataâs track record of success.â
Commenting on his selection, Ray DâArcy stated, âIt is gratifying to have been selected to lead Interactive Data and I want to thank our Board of Directors for the trust and confidence they have placed in me by selecting me as Stuartâs successor. It is an honor to follow in Stuartâs footsteps. I have worked with Stuart for many years and have the highest regard for his leadership. He has instilled a customer-centric culture across our global organization, which has helped distinguish Interactive Data as a trusted leader in our industry. I believe that Interactive Data is well positioned to continue helping our customers worldwide to achieve key business objectives through a broad range of high-value market data services and related solutions that are fundamental to supporting mission-critical applications across the enterprise.â
Interactive Dataâs President and Chief Executive Officer, Stuart Clark, stated, âI have known Ray for more than 20 years, and greatly admire his leadership and management skills. I brought Ray onto my senior management team soon after becoming president of Interactive Data in 1995. Since then, he has led the market-facing side of our institutional business through 12 consecutive years of growth. He will be a tremendous leader of Interactive Data Corporation and I look forward to working with him over the coming months to effect his smooth and seamless transition to the CEO role.â