Information Services Group

June 7 2011

US-based shell company Information Services Group (ISG) has appointed former MBIA President Neil Budnick to its Board of Directors, and as Chair of its Audit Committee. ISG was founded in 2006 by former VNU boss Michael Connors as an acquisition company in the information services industry. The firm recently reported an operating loss of $5.2m, and while its recent acquisitions of Compass and STA Consulting added $2.1m to the loss, they also helped first quarter revenues climb 17% to $40.7m (2010: $34.8m). Budnick is currently MD at management consultancy Channel Rock Partners, which provides business strategy and opportunity analysis, operations improvement and risk management support for corporations. He was previously President of MBIA Insurance Corporation, where he worked for 23 years in a number of senior financial roles. Earlier in his career, he was VP of the Public Finance Department of Standard & Poor's Corporation. ‘Neil brings strong experience in both public and corporate finance as well as expertise in audit, P& L management, risk assessment, performance optimization and corporate governance,’ states Connors. ‘He has a history of important accomplishments in the C-Suite and with high profile businesses. The Board and I look forward to working with him.’ Budnick replaces Robert Chrenc, who died in February. Web site: www.informationsg.com . Printer-friendly version of this article. Email this article to a friend. Register for News emails