Nielsen Announces CFO Transition; Reaffirms FY19 Guidance

Nielsen (NYSE:NLSN) announced today that Chief Financial Officer and Chief Operating Officer David J. Anderson has resigned, effective December 31, 2019. A search for a successor is well underway with the assistance of

Benzinga · 12/23/2019 13:04

Nielsen (NYSE:NLSN) announced today that Chief Financial Officer and Chief Operating Officer David J. Anderson has resigned, effective December 31, 2019. A search for a successor is well underway with the assistance of an external search firm.

Chief Executive Officer David Kenny said, "We are full steam ahead in preparing for the separation of our Global Media and Global Connect businesses. As independent, publicly traded companies, Media and Connect will enjoy added flexibility and further strengthen their paths towards a new phase of growth, productivity and industry leadership. Dave Anderson played an important role at Nielsen during a critical time for the company. We appreciate his many contributions."

Mr. Anderson stated, "I am grateful for the opportunity to have served on the Nielsen leadership team and wish my Nielsen colleagues great success as the company moves forward."

Mr. Kenny added, "I'm confident in the quality and depth of our finance and accounting teams, which will ensure financial reporting continuity through the CFO transition."

The company also reaffirmed its fiscal year 2019 guidance as discussed on its third quarter 2019 earnings conference call held on November 7, 2019.