Dun & Bradstreet (NYSE:DNB) needs a new Chief Executive Officer.
On Friday, the self-proclaimed "world's leading source of commercial information and insight on businesses," announced that Chairman and CEO Sara Mathew plans to retire by May 2014. Planning ahead, D&B's board of directors has retained the services of executive recruiting firm Spencer Stuart to help find a replacement.
Wishing Mathew well on her departure, D&B Lead Director thanked the departing CEO "for her strategic vision, leadership and dedication over her 12-year career with the company."
Other shareholders may feel less charitable. Since Mathew took over D&B at the beginning of January 2010, the company's shares have gained less than 5% in value, underperforming the S&P 500 by nearly 40 percentage points.
Upon news of her retirement being released, Dun & Bradstreet shares gained 1.1%, to close at $90.00.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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