Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Morningstar CFO Will Step Down

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

On Wednesday, independent investment research company Morningstar (NASDAQ: MORN  ) announced that Chief Financial Officer Scott Cooley has decided to step down at some point later this year. Cooley will remain in the CFO's chair, however, until Morningstar has named a replacement.

Explaining the news, Chairman and Chief Executive Officer Joe Mansueto noted that Cooley has spent 17 years at Morningstar, working first as a stock analyst, and ultimately becoming CFO five years ago. He is "ready for a new challenge," however. At this time, Cooley is said to be thinking about remaining at Morningstar in a different capacity, perhaps as a researcher, or possibly returning to school to pursue a doctorate.

In other executive news, Morningstar announced that it has hired former Wall Street on Demand founder James Tanner to serve as its global head of business development and sales.

Shares of Morningstar closed up 0.7% at $65.14.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2187970, ~/Articles/ArticleHandler.aspx, 11/26/2015 8:10:53 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

Today's Market

updated 21 hours ago Sponsored by:
DOW 17,813.39 1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASD 5,116.14 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

11/25/2015 3:59 PM
MORN $80.45 Up +0.97 +1.22%
Morningstar CAPS Rating: ****