NEW YORK, June 25, 2012 /PRNewswire/ -- Bankrate, Inc. (NYSE: RATE) announced today that Michael J. Kelly is joining the company's board of directors. Mr. Kelly previously served as president and CEO of The Weather Channel Companies, president of AOL Media Networks, president of the global marketing group at Time Warner and publisher of Entertainment Weekly. He has over three decades of experience in the media industry, including advisory positions at Veronis Suhler Stevenson and MediaMind.
Mr. Kelly will serve as a Class II director with a term expiring at the 2013 annual meeting of shareholders. His appointment increases the size of Bankrate's board of directors by one member. Mr. Kelly will also serve on the audit committee of the board of directors. The board has determined that Mr. Kelly is an independent director under the New York Stock Exchange listing standards and eligible to serve on the audit committee, replacing Mitch Truwit who will remain on the board.
"Mike Kelly is an expert at delivering quality content to consumers across many different platforms," said Thomas R. Evans, Bankrate's President and Chief Executive Officer. "His past successes in traditional and new media are valuable additions to our board."
About Bankrate Inc.
Bankrate is a leading publisher, aggregator, and distributor of personal finance content on the Internet. Bankrate provides consumers with proprietary, fully researched, comprehensive, independent and objective personal finance editorial content across multiple vertical categories including mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes. The Bankrate network includes Bankrate.com, our flagship website, and other owned and operated personal finance websites, including CreditCards.com, Interest.com, Bankaholic.com, Mortgage-calc.com, CreditCardGuide.com, Nationwide Card Services, InsuranceQuotes.com, CarInsuranceQuotes.com, InsureMe, Bankrate.com.cn, CreditCards.ca, NetQuote.com, and CD.com. Bankrate aggregates rate information from over 4,800 institutions on more than 300 financial products. With coverage of nearly 600 local markets in all 50 U.S. states, Bankrate generates over 172,000 distinct rate tables capturing on average over three million pieces of information daily. Bankrate develops and provides web services to over 80 co-branded websites with online partners, including some of the most trusted and frequently visited personal finance sites on the Internet such as Yahoo!, AOL, CNBC, and Bloomberg. In addition, Bankrate licenses editorial content to over 500 newspapers on a daily basis including The Wall Street Journal, USA Today, The New York Times, The Los Angeles Times, and The Boston Globe.
For more information contact:
Bruce J. Zanca
SVP, Chief Communications/Marketing Officer
SOURCE Bankrate, Inc.