comScore CFO to Retire

Digital audience measurement specialist comScore has announced that its Chief Financial Officer, Kenneth Tarpey, will retire in August this year. The firm is currently seeking a successor.

Two weeks ago the company reported a 14% increase in first quarter revenue to $76.9m, from $68.9m a year previously, while net loss fell to $782k from $2.0m. For the full year 2013, revenue was up 16% to $286.8m, while net loss fell to $2.3m from 2012's figure of $11.8m. Generally, comScore's results since 2009 have shown a rapid increase in turnover, with records broken consistently even in mid-downturn. Profit and loss has shown a more varied picture with investment and legal costs taking their toll in some years, but costs and losses have appeared to remain in control and have been overshadowed by the rapid revenue growth.

CEO Serge Matta (pictured) comments: '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.'

Tarpey himself says: '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.'

The company's home page is at www.comscore.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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