CHICAGO, Jan. 9, 2013 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced two senior management changes. Scott Cooley, chief financial officer, will be stepping down from his role this year. The company expects him to remain chief financial officer until Morningstar names a replacement. Cooley, 44, has served as Morningstar's chief financial officer since 2007. In addition, James Tanner, 52, has joined Morningstar as global head of business development and sales.
Joe Mansueto, chairman and chief executive officer of Morningstar, said, "Scott came to Morningstar as a stock analyst 17 years ago and has held many leadership roles within the firm. He has done a superb job as CFO. I hate to see him leave this post, but I understand that he is ready for a new challenge. Scott is considering several options, including going back to school to pursue a doctorate or staying with Morningstar in a research capacity. He's going to take some time to think about the next chapter in his life, which I hope will include a role at Morningstar."
Mansueto added, "We're thrilled that Jim is joining Morningstar's senior management team. Jim founded Wall Street on Demand, a very successful company that was acquired by UK-based Markit two years ago. We've long admired Jim's customer-centric approach to business. His appointment adds even more firepower to the strong sales management team we have in place."
"For the last 25 years, I have watched as Morningstar has become a premier research and information provider," Tanner said. "I am proud and honored to be given the opportunity to join such an amazing team."
Tanner most recently served as Markit's vice chairman of business development and before that its head of global distribution. He holds a master's degree in business administration from Harvard and a bachelor's degree in Russian language and literature from Haverford College.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on more than 385,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has approximately $195 billion in assets under advisement and management as of Sept. 30, 2012. The company has operations in 27 countries.
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SOURCE Morningstar, Inc.