News Release
FOR IMMEDIATE RELEASE
FactSet is a registered trademark of FactSet Research Systems Inc.
FactSet Research Systems Appoints Philip A. Hadley Chairman and Chief Executive
Officer
September 5, 2000 (Greenwich, CT)--FactSet Research Systems Inc., (NYSE: FDS) a
major supplier of computer-based financial and economic data to the investment
community, today announced that Philip A. Hadley has been named Chairman and
Chief Executive Officer of the Company effective immediately.
Mr. Hadley was previously Senior Vice President and Director of Business
Development at FactSet.
Mr. Hadley replaces Charles J. Snyder, co-founder of FactSet and Vice Chairman
of the Company's Board of Directors, who was named interim CEO upon the
retirement of Howard Wille. Mr. Snyder will continue to serve as Vice Chairman.
"It is with great pleasure that we make this announcement today," said Mr.
Snyder. "Phil has been with FactSet for 15 years and his contributions have been
instrumental to the growth and success of our business. We are confident that
his strong leadership and strategic insight will ensure that FactSet continues
its long track record of success."
"FactSet has grown tremendously over the years that I have been with the company
and is well positioned to continue our strong track record of performance," said
Mr. Hadley. "I look forward to working with our deeply talented senior
management team to continue enhancing our leadership position and offering
innovative products and services to our clients."
Mr. Hadley joined FactSet in 1985 in the Consulting Services Group. From 1986 to
1989, he held the position of Vice President, Sales. From 1989 to 2000, Mr.
Hadley was Senior Vice President and Director of Sales and Marketing. Prior to
joining the Company, he was employed by Cargill Corporation.
Mr. Hadley received a B.B.A. in Accounting from the University of Iowa and is a
Chartered Financial Analyst.
FactSet Research Systems Inc. is a leading provider of global financial and
economic information, including fundamental data on tens of thousands of
companies worldwide. Combining more than 100 databases into its own dedicated
online service, the company also provides the tools to download, combine and
manipulate the data for investment analysis. The company, headquartered in
Greenwich, Connecticut, was formed in 1978 and now conducts operations from
eleven locations worldwide including Boston, New York, San Mateo, London, Tokyo,
Hong Kong, and Sydney.
