Factiva's Clare Hart Moves Up to New Position at Dow Jones; Deputy CEO Claude Green Named Interim CEO
Hart Becomes Chair of Factiva Board of Directors
New York - February 22, 2006 - Factiva ®, a Dow Jones and Reuters Company, today announced that President and Chief Executive Officer Clare Hart has been named to a senior executive role at Dow Jones and will be leaving her position at Factiva. As part of her responsibilities as Executive Vice President, Dow Jones, and President, Dow Jones Enterprise Media Group, Ms. Hart will become Chair of Factiva's six-person Board of Directors.
Factiva also announced that Claude Green, currently Deputy CEO, will become Interim CEO, effective March 1. Mr. Green will assume all responsibilities of the CEO until Ms. Hart's successor is named. Ms. Hart will provide advice and counsel throughout this period to ensure a smooth transition.
"Clare is a very talented executive who has helped to build a strong and growing business in Factiva. This is a great opportunity for her, and we wish her well ," said Tom Glocer, Chief Executive Officer, Reuters PLC.
"By all measures, Clare's tenure as Factiva's CEO has been successful. From the strong relationships with customers and partners to the launches of innovative products including the just-released Factiva Search 2.0 to continued financial improvement, Clare and her very talented team have provided the company with a solid foundation for the future," said Rich Zannino, Chief Executive Officer, Dow Jones & Company.
Ms. Hart became President and CEO of Factiva in January 2000, just eight months after the joint venture was formed. Under her leadership, Factiva has continually broken new ground in business search and is an acknowledged leader in providing essential news and business information to individuals in enterprises around the world.
Ms. Hart was instrumental in building a single Factiva culture for the Dow Jones and Reuters joint venture. During her tenure, Factiva developed a next-generation technology platform, which today enables the company to deliver world-class content alongside an organization's internal data to enterprise information solutions, providing 1.8 million paying subscribers with easy access to relevant information when they need it.
Claude Green became Deputy CEO at Factiva's inception in May 1999. In this role, he has overseen the human resources, finance, business development, and legal departments at Factiva. In addition, he has been responsible for Factiva's global government relations team.
Prior to his appointment at Factiva, Mr. Green held a number of senior positions during his 20 years at Reuters. Most recently, he was Managing Director for one of the UK business divisions, responsible for the sale and support of the full range of Reuters products to UK-based North American, Japanese, and Asia Pacific customers.
The success I have had in helping the company achieve its leadership position in the industry is the result of great customers, excellent partners and especially the talent of Factiva's leaders and employees who push the edge of innovation every day," said Ms. Hart. "Although I will miss working with this incredible group of people, I'm excited about this new opportunity at Dow Jones and I'm confident that the new leadership at Factiva will drive it in new and exciting directions."
About Factiva ®
Factiva, a Dow Jones and Reuters Company, provides essential business news and information together with the content delivery tools and services that enable professionals to make better decisions faster. Factiva's unrivalled collection of more than 10,000 authoritative sources includes the exclusive combination of The Wall Street Journal, the Financial Times®, Dow Jones and Reuters newswires and the Associated Press, as well as Reuters Fundamentals and D&B® company profiles.
Factiva's innovative, XML-based and Web services-enabled technology platform provides access to this rich content collection via Factiva's role-specific products or through customized enterprise, group or personal solutions. Executives, information professionals, marketers, salespeople, and other professionals can easily monitor and understand the latest news, market trends, and business challenges relevant to them - directly from the Microsoft® Office and job-specific applications they use every day. To learn more about Factiva, please visit the Web site at www.factiva.com.
Media Contacts:
Shannon Sullivan
Factiva, a Dow Jones and Reuters Company
Factiva Global Public Relations
Tel: +1 609.627.2312
shannon.sullivan@factiva.com
Melanie Surplice
Factiva, a Dow Jones and Reuters Company
Factiva Global Public Relations
Tel: +44 207 542 8837
melanie.surplice@factiva.com
