Bloomberg News

Dun & Bradstreet’s Sara Mathew Will Retire as CEO, Chairman (2)

May 03, 2013

Dun & Bradstreet Inc. (DNB:US), the 171-year- old provider of business data and risk-management services, said Sara Mathew will retire as chief executive officer and chairman by May of next year.

The board has hired executive-search firm Spencer Stuart to help find a new leader, the Short Hills, New Jersey-based company said today in a statement. Dun & Bradstreet said it will consider both internal and external candidates.

“I have had the privilege of working with a very talented team over the past 12 years to lead the transformation of D&B from a data provider to a big data, insights and analytics company,” Mathew, 57, said in the statement.

The company is seeking a new CEO at a time when it’s still struggling to revive growth. Sales dropped 5 percent last quarter, marking the fifth straight period of year-over-year declines. Dun & Bradstreet also made a failed attempt to find a buyer for the company last year, Reuters reported in November.

Dun & Bradstreet shares rose 1.1 percent to $90 at the close in New York. The stock has climbed 14 percent this year.

Mathew joined Dun & Bradstreet in 2001 as chief financial officer after 18 years at Procter & Gamble Co. She became CEO and chairman in 2010.

To contact the reporter on this story: Nick Turner in New York at nturner7@bloomberg.net

To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net


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Companies Mentioned

  • DNB
    (Dun & Bradstreet Corp/The)
    • $122.61 USD
    • 0.04
    • 0.03%
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