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Dun & Bradstreet Announces Leadership Transition

  • Thomas Manning Appointed Chairman and interim CEO
  • Robert Carrigan Steps Down as Chairman and CEO
  • Board Initiates Search for Permanent CEO

Dun & Bradstreet (NYSE:DNB) announced that Thomas Manning, a director of the Company since 2013 and Lead Director since 2016, has been appointed Chairman of the Board and interim Chief Executive Officer, effective immediately.  Mr. Manning’s appointment follows Robert Carrigan’s decision to step down as Chairman of the Board, Chief Executive Officer, and as a director of the Company, by mutual agreement with the Dun & Bradstreet Board of Directors. Mr. Carrigan will be available as requested by the Board and management team to assist with the transition process.

The Board will commence a new search for a permanent CEO, with the assistance of an executive search firm. The CEO search process will be led by the Nominating & Governance Committee of the Board of Directors.

James Fernandez, new Lead Director of the Board, said, “As Dun & Bradstreet continues its work to drive sustainable growth, the Board believes now is the right time to transition the Company’s leadership. We are pleased to have a leader of Tom’s caliber and experience to step in as interim CEO. The Board will continue to support the Company, and lend our expertise to the organization and Tom during this transition period as we conduct our search for a permanent successor.”

Mr. Manning said, “I look forward to working with the Board and the rest of the management team to ensure we capitalize on the opportunities in the marketplace and enhance value for our customers and for our shareholders. We are thankful for Bob’s contributions to Dun & Bradstreet since joining the Company as CEO in 2013. The Board believes that this is a time of great opportunity for Dun & Bradstreet. On behalf of the entire Dun & Bradstreet team, we wish Bob the best in his future endeavors.”

Separately Dun & Bradstreet issued its fourth quarter and full year 2017 financial results which BIIA will cover shortly.

About Thomas Manning

Mr. Manning was appointed Lead Director of the Dun & Bradstreet Board of Directors and Chairman of the Nominating & Governance Committee in 2016 and has served as a member of the Audit Committee and Innovation & Technology Committee since joining the board in 2013.

He is a former global operating executive who served as the CEO of Cerberus Asia Operations & Advisory Limited, a subsidiary of Cerberus Capital Management, CEO of Capgemini Asia, a leading information technology services company, and CEO of Ernst & Young Consulting Asia. He was also a senior partner with corporate strategy firm Bain & Company where he led the global IT practice in Silicon Valley and Asia.