|By PR Newswire||
|August 4, 2014 04:30 PM EDT||
KANSAS CITY, Mo., Aug. 4, 2014 /PRNewswire/ -- DST Systems, Inc. (NYSE: DST) today announced that its Board of Directors has appointed Stephen C. Hooley, DST's President and Chief Executive Officer, as Chairman of the Board, effective immediately. The Board remains comprised of six members, five of whom are independent, and Lowell L. Bryan remains Lead Independent Director of the Board.
Mr. Bryan said, "Steve has proven to be an outstanding leader of DST for more than a decade, including through his current role as CEO, as well as through his service on the Board over the past two years. During his tenure, he has helped develop and execute on a strategy that is delivering solid operating results, improving the Company's financial performance and creating significant value for shareholders. He has been a tremendous liaison between management and the Board, and I am confident that all of our stakeholders will benefit from his service in this additional capacity. On behalf of the entire DST Board, we look forward to continuing to work with Steve to guide the Company forward."
About Mr. Hooley
Stephen C. Hooley has served as the Company's President and Chief Executive Officer since 2012 and previously as the Company's President and Chief Operating Officer beginning in 2009. Mr. Hooley served from 2004 through mid-2009 as President and Chief Executive Officer of Boston Financial Data Services, Inc., DST's 50/50 joint venture with State Street Corporation. He also has served as Chief Executive Officer of International Financial Data Services Limited Partnership, another 50/50 joint venture with State Street. Mr. Hooley is currently a member of the Board of Directors of Boston Financial.
About DST Systems
DST Systems, Inc. is a leading provider of sophisticated information processing and servicing solutions to companies around the world. Through its global enterprise, DST delivers strategically unified data management, business processing and customer communications solutions to the asset management, brokerage, retirement, and healthcare markets. Headquartered in Kansas City, MO., DST is a publicly-traded company on the New York Stock Exchange. For more information, visit www.dstsystems.com.
The information and comments in this press release may include forward-looking statements respecting DST and its businesses. Such information and comments are based on DST's views as of today, and actual actions or results could differ. There could be a number of factors, risks, uncertainties or contingencies that could affect future actions or results, including but not limited to those set forth in DST's periodic reports (Forms 10-K or 10-Q) filed from time to time with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking statements. The Company undertakes no obligation to update any forward-looking statements in this press release to reflect future events. Brand, service or product names or marks in this press release are trademarks or service marks, registered or otherwise, of DST Systems, Inc., DST subsidiaries or affiliates, or third parties.
Gregg Wm. Givens
Senior Vice President, Chief Financial Officer and Treasurer
Matthew Sherman / Nicholas Lamplough
Joele Frank, Wilkinson Brimmer Katcher
SOURCE DST Systems, Inc.
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