Arbitron elects new non-executive chairman

By Associated Press
May 29, 2009 | Comments (0)

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Audience-research company Arbitron Inc. said Friday its directors elected Philip Guarascio as non-executive chairman.

Guarascio, 67, will replace Stephen B. Morris. Guarascio has served on Arbitron's board since 2001.

Guarascio has been the chairman and chief executive of private investment company PG Ventures LLC since 2000.

Arbitron shares fell 48 cents to $19.46.

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