Dun & Bradstreet has revamped its upper management after a regular meeting of its board of directors, the company announced late last week. But specific issues raised by at least one major shareholder about possible sale of the company, remain unanswered.
The Murray Hill, NJ-based information service provider named chief financial officer Frank Sowinski president of the D&B Operating Co.; Volney Taylor, who had been the head of that unit, will focus his attention on his duties as chairman/CEO. The company is searching for a new chief financial officer.
The company also said it would expand its Moody’s Investors Service operations within Europe.
But the firm did not address recent calls by shareholders to shore up the company’s value to its shareholders, possibly by offering the company up for sale, either in parts or as a whole unit. In a letter to D&B chairman & CEO Volney Taylor dated Aug. 30, Chicago-based Harris Associates L.P. requested that D&B “engage an investment bank to solicit offers for the corporation to maximize the value of [Dun & Bradstreet] for its shareholders.”
Network
