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Morris Adds Chairman's Role at Arbitron
The Arbitron Board of Directors have appointed President and CEO Stephen Morris as Chairman, replacing Lawrence Perlman. Luis Nogales becomes Lead Independent Director, and William Kerr a Non-Executive Director.
Kerr will serve on the firm's Compensation and HR Committee and the Technical Strategy Committee.
Perlman has served as Non-Executive Chairman of the board for the past six years. Commenting on his successor's appointment, Perlman said: 'Steve has been with Arbitron for 15 years, in which time his efforts have helped bring about a transformation of the company and a revolution in media measurement. Given his track record of innovation and his dedication to the company, I am confident that he will successfully lead Arbitron's Board of Directors in the same manner he has the company.'
Morris joined Arbitron from TV ad monitoring firm, VidCode, where he had been President and CEO from 1990 to 1992. In 1987, he co-founded Spectra Marketing, prior to which he had been President of the $1.6 billion Maxwell House division of General Foods Corporation. Morris holds a BA degree from Yale University and an MBA from Harvard Business School.
Nogales is Managing Partner of private equity firm, Nogales Investors, and has been appointed to the board to coordinate the activities of the independent directors and provide shareholders with an independent director who functions as a channel of communication to the board.
Kerr has been Chairman of media marketing firm, Meredith since 1998; responsible for strategic and operational performance. Prior to this, he was with The New York Times Company, where he served as President of the Magazine Group and VP from 1979-1991. He has also held senior-level positions at McKinsey & Company and Dillon Read Overseas Corporation.
Commenting on Kerr's appointment, Morris said: 'Bill Kerr brings with him a vast knowledge of and years of experience in the media industry, which will be invaluable to Arbitron. We are fortunate to strengthen our Board of Directors with someone of Bill's stature and look forward to what promises to be a valuable addition for our company and shareholders alike.'
Arbitron's home page is at www.arbitron.com .
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