Source: Interactive Data
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related services to financial institutions, active traders and individual investors, today announced that Steven Crane, president of the Company's Pricing and Reference Data business, has resigned, effective April 13, to accept a position as chief financial officer of a publicly traded, Massachusetts-based company outside the financial information industry.
Before becoming president of Interactive Data Pricing and Reference Data in June 2006, Crane served as executive vice president, chief financial officer and treasurer of Interactive Data Corporation since November 1999. Stuart Clark, Interactive Data's president and chief executive officer, will temporarily assume Crane's position as president of the Company's Pricing and Reference Data business while consideration is given to Crane's replacement.
"Steve played a key role in helping us develop the Interactive Data business during the past eight years," stated Stuart Clark. "Although we are disappointed that he has elected to leave the Company, we certainly wish him well in his new role. At the same time, we are fortunate to have a deep bench of talent that can be counted upon to ensure that we maintain the momentum within our Pricing and Reference Data business."