Dun & Bradstreet Picks New CEO
Short Hills, N.J.-based Dun & Bradstreet will get a new CEO.
On Tuesday, D&B announced that current Chairman and Chief Executive Officer Sara Mathew will step down from both posts in favor of Robert Carrigan on Oct. 7. On that date, Carrigan will take over as President and CEO, and will also join the company's board of directors.
The company's current lead director, Christopher Coughlin, will become non-executive Chairman of the Board on that same date. Meanwhile, Mathew will remain with the company "in a non-executive role to facilitate a smooth leadership transition" through Dec. 31, retiring after that. After 12 years with the company, Mathew announced her intention to retire back in May. She was named CEO in January 2010.
Carrigan comes to D&B from IDG Communications, where he ran the company's online, print, and other media operations across 90 countries.
In a filing with the SEC, D&B said it will be paying Carrigan an annual base salary of $850,000, plus:
- a bonus targeting $276,250 for 2013
- a bonus targeting $1.105 million for 2014
- an equity grant worth approximately $3 million
- and a sign on equity grant worth approximately $1 million, paid in restricted stock units.
The article Dun & Bradstreet Picks New CEO originally appeared on Fool.com.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.