2013-02-20 22:16:43 -
JERSEY CITY, N.J., February 20, 2013 - Verisk Analytics (Nasdaq:VRSK) today
announced Scott G. Stephenson, the current President and Chief Operating
Officer, has been appointed to the position of Chief Executive Officer by the
Board of Directors, effective April 1, 2013. Mr. Stephenson has also been
nominated to stand for election to the Board of Directors at the company's
annual meeting in May 2013.
Mr. Stephenson, 55, will succeed Frank J. Coyne, who joined the company in 1999
as President and Chief Operating Officer. In 2000, Mr. Coyne was elected
President and Chief Executive Officer and he became Chairman in 2002. He will
continue as a member of the Board of Directors as Non-Executive Chairman.
"I am pleased to announce Scott's appointment as the Chief Executive Officer of
Verisk Analytics. This
is a natural transition for our company. I am honored to
have served as the CEO of Verisk Analytics and its predecessors for more than a
decade, including during our transition to the public markets. I have confidence
Scott's experience as a key member of our senior leadership team for more than
ten years enables him to successfully lead our organization into the future,"
said Frank Coyne. "I look forward to continued achievements, driven by our more
than 6,000 employees, under Scott's leadership."
"Verisk is a leading company with unique intellectual property assets and a
talented team across all our businesses," said Scott Stephenson. "I am eager to
continue working with my colleagues to build on the culture of excellence,
innovation, and creating shareholder value established under Frank Coyne's
Mr. Stephenson joined the company in 2001, focusing on bringing new value and
functionality to the company's product offerings. In 2002, he was promoted to
Executive Vice President, working with the senior management team to move the
business to higher levels of growth and profitability. Mr. Stephenson became
Chief Operating Officer in 2008, with responsibility for the company's operating
units, and was named President in 2011.
Before joining Verisk's ISO subsidiary, Mr. Stephenson was a senior partner with
The Boston Consulting Group (BCG), a global management consulting firm,
including service on the firm's North American operating committee. Mr.
Stephenson also served as an advisor to Silver Lake Partners, a technology-
oriented private equity firm.
Mr. Stephenson is a graduate of the University of Virginia, where he received a
bachelor of science degree in mechanical engineering, and the Harvard Business
School, where he received a master of business administration degree. Mr.
Stephenson has served on numerous civic and charitable boards.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading provider of information about risk
to professionals in insurance, healthcare, financial services, government, and
risk management. Using advanced technologies to collect and analyze billions of
records, Verisk Analytics draws on vast industry expertise and unique
proprietary data sets to provide predictive analytics and decision support
solutions in fraud prevention, actuarial science, insurance coverages, fire
protection, catastrophe and weather risk, data management, and many other
fields. In the United States and around the world, Verisk Analytics helps
customers protect people, property, and financial assets. For more information,
Media Investor Relations
Rich Tauberman Eva Huston
MWW Group (for Verisk Analytics) Senior Vice President and Treasurer,
202-600-4546 Corporate Finance and Investor Relations
Verisk Analytics, Inc.
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Source: Verisk Analytics Inc. via Thomson Reuters ONE