Tuesday June 2, 2015 0 comments
ENGLEWOOD -- IHS Inc. (NYSE: IHS), a leading global source of information and analytics, announced the appointment of board chair Jerre Stead as the company’s new CEO.
The appointment follows the resignation of Scott Key as the company’s president and CEO and from the IHS board of directors, IHS said.
Stead is the former CEO who became executive chairman two years ago upon Key’s appointment. IHS said its board acted in accordance with the company’s succession plan in reinstating Stead as CEO.
“We have mutually agreed with Scott (Key) that it would be in the best interest of IHS to end our relationship,” Stead said. “This careful and deliberated decision was not precipitated by any business issues but was personal in nature.”
Stead said the company remains in good shape.
“Despite the current pressure from depressed energy markets, we have not deviated from the execution of our long-term strategy, and we’re extremely well-positioned for the future.”
“We recognize Scott’s contributions to IHS, including leading transformation and growth across IHS operations globally,” Stead said. “He led corporate marketing and strategic planning through the successful initial public offering of the company, and was intimately involved with the acquisitions and integration of a full range of assets during his tenure with the company.
“I will be here in the CEO role for as long as it takes to ensure we have all of the right pieces in place in order to leverage our company’s assets and drive the next stage of the company’s growth.”