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New Arbitron Board
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20/11/00
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The members of Arbitron's Board of Directors who will take office at the
time of Arbitron's spin-off from Ceridian and will guide the strategic
direction of Arbitron (following the completion of the spin) have now been
announced.
Ceridian announced in July 2000 its intention to separate into two publicly
traded companies, Ceridian Corporation and Arbitron Inc. After the
transaction is complete, Stephen B. Morris, president of Ceridian's Arbitron
business, will be named president and chief executive officer of Arbitron
Inc. and will become a member of Arbitron's Board of Directors. Arbitron
will continue to be headquartered in New York, with a research and
operations centre located in Columbia, Maryland.
According to Stephen B Morris, President, "We selected board members with
experience in media, marketing, high technology and finance to help guide
the strategic direction of Arbitron as we move forward as an independent
entity. We intend to bring clear focus on our core radio business and the
opportunities presented by our two promising new technologies, the Portable
People Meter and Arbitron Webcast Ratings. We also believe in strong
corporate governance and will ensure the independence of our new board with
the strong leadership of its members."
In addition to Mr. Morris, the members of the Arbitron board will be:
- Lawrence Perlman recently retired from Ceridian Corporation after serving
10 years as chairman and chief executive officer. Mr. Perlman will be the
non-executive chairman
- Erica Farber, publisher and CEO of Radio and Records, a company she has
served for eight years
- Kenneth F. Gorman, principal and co-owner of Apollo Partners Ltd. for 13
years and formerly an executive with Viacom for 16 years
- Philip Guarascio, vice president and general manager of General Motors
Corporation in charge of North America Advertising and Corporate Marketing
- Larry E. Kittelberger, senior vice president and chief information officer
of Lucent and formerly senior vice president and CIO of Allied Signal, Inc.
- Luis G. Nogales, senior adviser, Private Equity Group, Deutsche Bank, and
president of Nogales Partners, an investment firm in Los Angeles
- Richard A. Post, managing partner of Lonetree Capital Partners, and
formerly executive vice president and chief financial officer of MediaOne
Group.
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