comScore, Inc. Announces Chief Financial Officer Transition
RESTON, Va., May 8, 2014 /PRNewswire/ -- comScore, Inc. (NASDAQ: SCOR), a leader in measuring the digital world, today announced that Kenneth Tarpey, chief financial officer, will retire from the company in August 2014.
Serge Matta, comScore's chief executive officer, said, "Over the past five years, Ken has led and enhanced comScore's Finance function during a period of rapid growth and development, including international expansion and multiple acquisitions. He has built very strong working relationships with the investment community, which has helped the Company's market capitalization grow more than two and a half times since he joined comScore in 2009. On behalf of our Board of Directors and management team, I thank him for his service and wish him the best in his future endeavors."
Matta added, "With the strong strategic, operational and financial foundation we have in place, comScore is very well-positioned to not only meet its 2014 objectives but also to deliver continued growth and profitability in the coming years."
Tarpey said, "I am pleased to have been part of the senior management team that has made comScore a global leader in digital measurement and analytics. I wish the company and the team continued success and will work to ensure a smooth leadership transition."
comScore has retained Charles Walton of Kindred Partners to assist with a search for a successor.
comScore, Inc. (NASDAQ: SCOR) is a global leader in digital measurement and analytics, delivering insights on web, mobile and TV consumer behavior that enable clients to maximize the value of their digital investments. Through its Audience Analytics, Advertising Analytics, and Digital Enterprise Analytics product suites, comScore provides its clients with a variety of on-demand software, real-time analytics and custom solutions to succeed in a multi-platform world. The proprietary comScore Census Network™ (CCN) leverages a world-class technology infrastructure to capture trillions of digital interactions a month and power big data analytics on a global scale for its more than 2,000 clients, which include leading companies such as AOL, Baidu, BBC, Best Buy, Carat, Deutsche Bank, ESPN, France Telecom, Financial Times, Fox, LinkedIn, Microsoft, MediaCorp, Nestle, Starcom, Terra Networks, Universal McCann, Verizon, ViaMichelin and Yahoo!.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, comScore's expectations regarding retaining a new chief financial officer, the related transition period and the expected future financial performance of comScore. These statements involve risks and uncertainties that could cause our actual results to differ materially, including, but not limited to: comScore's reliance on its management team and loss of investor confidence in comScore's financial reports if comScore does not have proper controls in place to manage its accounting and financial reporting functions.
For a detailed discussion of these and other risk factors, please refer to comScore's Annual Report on Form 10-K for the year ended December 31, 2013, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2014 and other filings comScore makes from time to time with the Securities and Exchange Commission (the "SEC"), which are available on the SEC's Web site (http://www.sec.gov). Stockholders of comScore are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date such statements are made. comScore does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after the date of this press release, or to reflect the occurrence of unanticipated events.
Contact: Stacy Roughan
Sard Verbinnen & Co.
SOURCE comScore, Inc.