NEW YORK--(BUSINESS WIRE)--MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that Alice W. Handy and George W. Siguler will retire from MSCI’s Board of Directors (the “Board”), effective at the upcoming MSCI 2020 Annual Meeting of Shareholders on April 28, 2020. Both Ms. Handy and Mr. Siguler have served as independent directors since 2009.
“For over ten years, MSCI’s Board, management team and shareholders have greatly benefited from both Alice and George’s guidance on strategic growth initiatives and insights into our clients and the markets where we operate,” said Henry A. Fernandez, MSCI’s Chairman and Chief Executive Officer.
“George’s expertise in both the public and private markets and his record of success in the investment management industry have made his perspective an invaluable resource to the Company. Alice’s extensive experience investing on behalf of endowments across asset classes has significantly contributed to MSCI’s ability to better serve the needs of our clients. Additionally, through their respective service on MSCI’s Nominating and Corporate Governance Committee and Audit Committee, George and Alice have helped to build robust governance and risk management oversight at MSCI,” continued Mr. Fernandez.
"On behalf of MSCI and its shareholders, I want to express my deep gratitude to both Alice and George for their many contributions and service to MSCI. Their presence on our Board will be missed, and I wish them all the best for the future," added Mr. Fernandez.
Ms. Handy and Mr. Siguler are retiring pursuant to MSCI’s director retirement policy, which requires directors to retire at age 72. Effective upon their retirement on April 28, 2020, the Board will have ten directors. As previously announced, Paula Volent and Sandy C. Rattray were appointed to serve on the Company’s Board, effective February 26, 2020.
About MSCI Inc.
MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 45 years of expertise in research, data and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process. To learn more, please visit www.msci.com. MSCI#IR
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond MSCI’s control and that could materially affect actual results, levels of activity, performance or achievements.
Other factors that could materially affect actual results, levels of activity, performance or achievements can be found in MSCI’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018 filed with the Securities and Exchange Commission (“SEC”) on February 18, 2020 and in quarterly reports on Form 10-Q and current reports on Form 8-K filed or furnished with the SEC. If any of these risks or uncertainties materialize, or if MSCI’s underlying assumptions prove to be incorrect, actual results may vary significantly from what MSCI projected. Any forward-looking statement in this press release reflects MSCI’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to MSCI’s operations, results of operations, growth strategy and liquidity. MSCI assumes no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise, except as required by law.
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