FactSet (“FactSet” or the “Company”) (NYSE:FDS) (NASDAQ:FDS), a
global financial digital platform and enterprise solutions
provider, today announced that Helen Shan, a seasoned FactSet
executive who currently serves as Executive Vice President and
Chief Revenue Officer, has been appointed Chief Financial Officer,
effective immediately. Shan succeeds Linda Huber, who is
transitioning out of the Company.
Shan brings extensive financial leadership experience and
business expertise within FactSet, and is rotating back into the
CFO role, which she previously held from 2018 to 2021 before being
appointed Executive Vice President and Chief Revenue Officer. As
CFO, she executed a successful financial strategy, which included
investments in digital and content capabilities that expanded
FactSet’s solutions and accelerated revenue growth. She advanced
the Company’s financial processes and infrastructure, including
disciplined value-based pricing and the transformation of financial
systems, helping to drive increased margins and earnings. In her
role as Chief Revenue Officer, Shan aligned and enhanced FactSet’s
go-to-market execution, deepened senior client relationships and
oversaw over $300 million of organic growth in annual subscription
value.
“Helen has been an integral member of our executive team for the
past six years, helping position FactSet as the leader we are
today,” said Philip Snow, Chief Executive Officer of FactSet. “She
has played a pivotal role in overseeing our multiyear investment
plan and growing our market share through many cycles. As we look
to our next phase of profitable growth, I am confident that Helen’s
broad financial and strategic expertise, combined with her recent
sales leadership experience, will be invaluable as we work to
deliver long-term value to our shareholders.”
Shan said, “I believe in the significant value FactSet provides
to financial decisionmakers. Our clients want tangible and flexible
workflow solutions. Thanks to the investments we’ve made in
technology, content and our infrastructure, we are delivering
high-quality data and analytics in a connected and open platform.
The way we win is by aligning strategy and execution across the
organization to drive top-line growth. I look forward to further
leveraging my diverse experience to drive increased value for our
clients, shareholders and colleagues.”
Goran Skoko, Executive Vice President, Managing Director, EMEA
and Asia Pacific and Head of Dealmakers and Wealth at FactSet, will
take over as Chief Revenue Officer, effective September 1, 2024.
Drawing on his two decades of sales, product, and engineering
experience at FactSet, Skoko is a natural fit to lead FactSet’s
sales organization. He has achieved success in building the
Company’s Wealth Management business, expanding market share, and
forging strong and extensive global client relationships, as well
as leading some of FactSet’s largest sales efforts.
Snow continued, “We are fortunate to have a deep bench of talent
at the Company. I am confident Goran and Helen’s cross-functional
strengths and leadership will continue enhancing our go-to-market
strategy to deliver positive results. Given their deep expertise
and proven partnership within FactSet, we expect a seamless
transition to these new roles.”
Snow concluded, “Linda has had a material impact during her
three-year tenure at FactSet. She established FactSet’s first
public bond deal and debt rating, which enabled us to finance the
acquisition of CUSIP, and continued to advance our capital
allocation and expense management discipline. On behalf of our
entire team, I want to thank Linda for her contributions as CFO,
and we wish her all the best in her future endeavors.”
Huber’s departure is not the result of any disagreement with the
Company regarding its accounting practices, financial statements or
financial condition, or any of the Company's related
disclosures.
FactSet today reaffirmed its full year fiscal 2024 guidance, as
previously provided on June 21, 2024.
About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to
see more, think bigger, and work better. Our digital platform and
enterprise solutions deliver financial data, analytics, and open
technology to nearly 8,000 global clients, including over 206,000
individual users. Clients across the buy-side and sell-side as well
as wealth managers, private equity firms, and corporations, achieve
more every day with our comprehensive and connected content,
flexible next-generation workflow solutions, and client-centric
specialized support. As a member of the S&P 500, we are
committed to sustainable growth and have been recognized amongst
the Best Places to Work in 2023 by Glassdoor as a Glassdoor
Employees’ Choice Award winner. Learn more at www.factset.com
and follow us on X and LinkedIn.
Forward-looking Statements
This news release contains forward-looking statements based on
management's current expectations, estimates, forecasts and
projections about industries in which FactSet operates and the
beliefs and assumptions of management. All statements that address
expectations, guidance, outlook or projections about the future,
including statements about the Company's strategy for growth,
product development, revenues, future financial results,
anticipated growth, market position, subscriptions, expected
expenditures, trends in FactSet’s business and financial results,
are forward-looking statements. Forward-looking statements may be
identified by words like "expects," "believes," "anticipates,"
"plans," "intends," "estimates," "projects," "should," "indicates,"
"continues," "may" and similar expressions. These statements are
not guarantees of future performance and involve a number of risks,
uncertainties and assumptions. Many factors, including those
discussed more fully elsewhere in this release and in FactSet's
filings with the Securities and Exchange Commission, particularly
its latest annual report on Form 10-K and quarterly reports on Form
10-Q, as well as others, could cause results to differ materially
from those stated. Forward-looking statements speak only as of the
date they are made, and FactSet assumes no duty to and does not
undertake to update forward-looking statements. Actual results
could differ materially from those anticipated in forward-looking
statements and future results could differ materially from
historical performance.
FactSet
Investor Relations Contact:Ali van
Nes+1.203.810.2273avannes@factset.cominvestor_relations@factset.com
Media Contact
Arielle Sweitzer +1.203.512.2194arielle.sweitzer@factset.com
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