Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions to financial institutions, active traders and individual investors, today announced that Ambassador Carl Spielvogel and William T. Ethridge will not seek re-election at the Company's annual meeting of stockholders on May 20, 2009.
Both Ambassador Spielvogel and Mr. Ethridge plan to fulfill the remainder of their respective terms.
Ambassador Spielvogel, 80, plans to retire from service on the Interactive Data Board. He is chairman and chief executive officer of Carl Spielvogel Associates, Inc., an international investment and management company. He has been a member of Interactive Data's Board of Directors since February 1996, with a brief hiatus from August 2000 to April 2001, during which he served as the United States Ambassador to the Slovak Republic.
Mr. Ethridge, 57, plans to resign from Interactive Data's Board of Directors after taking on greater responsibility last year as chief executive officer of Pearson Education, North America. He has served on the Interactive Data Board of Directors since October 2001.
Rona Fairhead, chairman of Interactive Data's Board of Directors, commented, "On behalf of our Board, I'd like to thank Carl and Will for their long-standing and outstanding service on our Board. Their collective insights have helped guide Interactive Data's growth over the years, and create significant value for all key stakeholders in the process. Their experience, business acumen and sound advice will be missed."
Successors to both Ambassador Spielvogel and Mr. Ethridge are likely to be identified following the 2009 annual meeting.