IHS Names Richard Walker as Senior Vice President Corporate Development
ENGLEWOOD, Colo., — November 20, 2006 — IHS Inc. (IHS: NYSE), a leading global provider of critical technical information, decision-support tools, and strategic services, today announced the appointment of Richard G. (Rich) Walker as senior vice president, corporate development, effective immediately. Walker, an expert in the areas of mergers and acquisitions, will be responsible for leading and executing the company’s aggressive acquisition plans to support the top and bottom-line growth strategies of IHS.
"Rich's demonstrated talent to seek out and execute innovative partnerships and create shareholder value provides an ideal fit for IHS and the next phase of our corporate development," said Jerre Stead, Chairman and CEO, IHS.
“Rich has a proven track record of identifying, developing and driving strategic initiatives forward and creating shareholder value, and I am very pleased to have him on our team,” said Michael J. Sullivan, executive vice president and CFO, IHS. “As IHS continues to delight customers worldwide every day, there are significant M&A opportunities in the markets we serve to extend our lead as the source for critical information and insight.”
Walker joins IHS most recently from Autobytel Inc., where he was COO and previously its executive vice president of corporate development and strategy. During his tenure, Rich was responsible for several acquisitions, all of which significantly improved the strategic positioning of the company.
Prior to Autobytel, Walker was vice president at LoneTree Capital Management, a private equity fund investing in and advising early-stage communications companies. Before LoneTree, Walker served as vice president of corporate development at MediaOne Group, and executive director of corporate development at US WEST. He originally joined US WEST in 1990 and previously held leadership positions in investor relations, business development, and strategic marketing. Rich began his career in 1986 as a certified public accountant with Arthur Andersen & Co. in Atlanta, GA, working as a senior staff member in their audit and tax groups as well as their financial consulting services division.
Walker graduated Magna Cum Laude with a BS in Business from the University of Colorado and holds an MBA, Executive Program from the University of Denver.
About IHS Inc. (www.ihs.com)
IHS (NYSE: IHS) is one of the leading global providers of critical technical information, decision-support tools and related services to customers in a number of industries including energy, defense, aerospace, construction, electronics, and automotive through two operating segments, Engineering and Energy. Our Engineering and Energy segments each represent approximately one-half of IHS’ total revenues. We serve customers ranging from governments and large multinational corporations to smaller companies and technical professionals in more than 100 countries. Our customers rely on our offerings to facilitate decision making, support key processes and improve productivity. We have been in business for more than 45 years and employ 2,500 people around the world.
IHS FORWARD-LOOKING STATEMENTS:
This release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Such statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products, and services, and statements regarding future performance. In some cases, you can identify these statements by forward-looking words such as "intend," "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," or "continue," the negative of these terms, and other comparable terminology; however, be advised that not all forward-looking statements contain these identifying words. These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance, or achievements to differ materially from the results, level of activity, performance, or achievements expressed or implied by the forward-looking statements. Those factors include, but are not limited to, our ability to obtain content on commercially reasonable terms from third parties (including Standards Development Organizations), changes in demand for our products and services, changes in the energy industry, our ability to develop new products and services, pricing and other competitive pressures, risks associated with the integration of acquisitions, changes in laws and regulations governing our business and certain other risk factors, including those discussed or identified by us from time to time in its public filings (which may be viewed at www.sec.gov or www.ihs.com). Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Other than as required by applicable law, IHS does not undertake any obligation to update any of these forward-looking statements after the date of this release to conform our prior statements to actual results or revised expectations. Please consult our public filings at www.sec.gov.
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IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2006 IHS Inc. All rights reserved.
Investor Relations contact:
Jane Okun
IHS
303-397-2747
jane.okun@ihs.com