RESTON, Va., Nov. 14, 2017 /PRNewswire/ -- comScore, Inc. (OTC: SCOR) today announced that Dr. Gian Fulgoni, its Co-Founder and Chief Executive Officer, has decided to accelerate his previously announced retirement, originally scheduled for January 31, 2018, and stepped down as CEO, effective November 13, 2017. As previously announced, Dr. Fulgoni has assumed a Chairman Emeritus role and will also provide advisory services to ensure a smooth leadership transition. The advisory services will be provided for a period of one year from November 13, 2017.
Until a permanent CEO is named, Bill Livek, comScore's Executive Vice Chairman and President, will assume additional management responsibilities, and Board Chair, Sue Riley, has committed to play an active and daily role in the oversight of the Company. A committee formed by the Board to direct the search for a new CEO has retained a leading executive search firm, Spencer Stuart, to assist in conducting the search.
comScore is a leading cross-platform measurement company that measures audiences, brands and consumer behavior everywhere. comScore completed its merger with Rentrak Corporation in January 2016, to create the new model for a dynamic, cross-platform world. Built on precision and innovation, comScore's data footprint combines proprietary digital, TV and movie intelligence with vast demographic details to quantify consumers' multiscreen behavior at massive scale. This approach helps media companies monetize their complete audiences and allows marketers to reach these audiences more effectively. With more than 3,200 clients and a global footprint in more than 75 countries, comScore is delivering the future of measurement. Shares of comScore stock are currently traded on the OTC Market (OTC: SCOR). For more information on comScore, please visit comscore.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause our actual results to differ materially from expectations. For additional discussion of risk factors, please refer to filings that comScore makes from time to time with the SEC and which are available on the SEC's website (www.sec.gov). Investors are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date such statements are made. comScore does not intend or undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after the date of this press release, or to reflect the occurrence of unanticipated events.
Contact: Andrew Lipsman
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SOURCE comScore, Inc.