New York – May 1, 2013 – GMI Ratings, the leading provider of research on environmental, social, governance (ESG) and accounting-related risks affecting the performance of public companies, today announced the appointment of Dan Concannon as Chief Executive Officer, effective May 6, 2013. Mr. Concannon will replace James A. Kaplan, who will continue to serve on the GMI Ratings board of directors.
Richard Bennett, Chairman of GMI Ratings, said: “Dan is a proven business leader with a track record of impressive results in businesses providing research-based solutions to institutional, broker-dealer and issuer markets. Dan joins GMI Ratings on the heels of significant progress we’ve made since the mergers of our three predecessor firms in 2010. We see Dan’s appointment as a major step toward accelerating GMI Ratings’ sales growth and reinforcing the firm’s competitive distinctions.”
Most recently, Mr. Concannon served as Global Head of Sales and Business Development at Mediant Communications and, earlier, WealthEngine. Prior to these roles, Dan was Executive Vice President of Sales and Marketing at ISS and the RiskMetrics Group. In this position, he led all sales and marketing efforts of the ISS CGQ brand and was an integral part of RiskMetric’s purchase of the CFRA forensic accounting business. During RiskMetric’s IPO process in 2008, Dan led global investor relations for the company. Dan has also held sales leadership roles at Primark Corporation and Thomson Financial. He began his career as a financial analyst at Salomon Brothers. Mr. Concannon graduated from the University of Maryland and holds an MBA from Baruch College.
Mr. Concannon’s career distinctions include a 250% sales growth over a three-year period at WealthEngine and a three-fold increase in sales in the five years leading up to ISS’s acquisition by RiskMetrics (now MSCI).
Mr. Bennett concluded: “Speaking for myself and the GMI Ratings board of directors, I’d like to express our gratitude to Jim Kaplan for the energetic, demanding, and creative leadership he has provided as our Chief Executive. We look forward to Jim’s continued contributions as a member of the board.”
Commenting on his appointment, Mr. Concannon said: “I am thrilled about the opportunity to build on GMI Ratings’ pioneering legacy in the application of non-traditional measures of issuer risk. The firm has developed a clearly differentiated product portfolio offering decision-makers more holistic ways to study and mitigate investment risk. I am looking forward to working with this accomplished team to accelerate global sales growth and reinforce the innovations that fueled the firm’s growth thus far.”
About GMI Ratings
GMI Ratings is an independent provider of research and ratings on environmental, social, governance and accounting-related risks affecting the performance of public companies. The firm’s ESG ratings for more than 6,000 companies worldwide incorporate 150 ESG KeyMetrics® to help investors assess the sustainable investment value of corporations. The firm also provides Accounting and Governance Ratings (AGR®) for approximately 18,000 public companies worldwide. AGR metrics reflect the accuracy and reliability of a company’s financial reporting. Clients of GMI Ratings include leading institutional investors, banks, insurers, auditors, regulators and corporations seeking to incorporate accounting and ESG factors into risk assessment and decision-making. A signatory to the Principles for Responsible Investment (PRI), GMI Ratings was formed in 2010 through the merger of GovernanceMetrics International, The Corporate Library and Audit Integrity. In the 2012 Independent Research in Responsible Investment (IRRI) Survey conducted by Thomson Reuters Extel and SRI-CONNECT.com, GMI Ratings was named “The Best Independent Corporate Governance Research Provider”. For more information please visit www.gmiratings.com.
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