WASHINGTON--(BUSINESS WIRE)--March 9, 2006--The Corporate
Executive Board Company (CEB) (NASDAQ/NM:EXBD) today announced two
senior management additions and additional responsibilities for a
member of its leadership team.
CEB announced that Melody Jones has joined the firm as Chief Human
Resources Officer. Ms. Jones will serve on the Executive Committee and
report directly to the CEO. Prior to joining CEB, Ms. Jones served as
the global head of Human Resources for T. Rowe Price. Before assuming
that position, she held the CHRO position at Aon Corporation. Ms.
Jones has also worked in senior consulting positions with both Aon
Consulting and Organizational Dynamics, Inc., and has held leadership
positions at Citicorp Mortgage. Tom Monahan, CEO of The Corporate
Executive Board, commented, "CEB's growth demands continued
investments in talent, both from within and outside the firm. I am
excited about the outstanding experience Melody brings to us in
leading Human Resources at global 'ideas' businesses. As a senior
executive and a long-time member of CEB programs, her view of how to
scale talent in a growth company will be a tremendous asset for CEB."
CEB also announced that Mikel Durham, former President of Global
Supply Chain at Cadbury Schweppes, has joined the firm as Executive
Director for CEB's Operations and Procurement Practice. Ms. Durham
will assume management, growth and thought leadership responsibility
for the Practice, which serves heads of procurement, supply chain
management and operations executives at leading enterprises worldwide.
Prior to Cadbury Schweppes, Ms. Durham has held executive positions at
Diageo's Guinness Ltd. and Burger King North America units, as well as
at Tricon Global Restaurants. Mr. Monahan noted, "Mikel brings a
combination of insight, global business management and people
leadership skills essential to driving CEB's continued growth. Her
thought leadership capacity, experience as a senior executive and
insight into our products as a former member of CEB programs will be
invaluable in growing our Operations and Procurement Practice."
In addition, CEB noted that Mike Archer, previously CEB's Chief
Marketing Officer, had been promoted to President, Marketing and
International earlier in 2005. In this new role, Mr. Archer will
direct strategy and execution across CEB's international operations,
in addition to continuing to lead CEB's Marketing and Member Services
organizations. Mr. Monahan commented, "Given Mike's successes in
leading our global Marketing and Member Services organizations, we are
excited about the expansion of his role to include responsibility for
meeting the needs of our growing international member network. Mike's
ability to ensure that our product and service strategy continues to
generate immediate, demonstrable ROI for our members in now more than
45 countries is a vital element of CEB's long-term growth."
Mr. Monahan concluded, "Mikel and Melody's appointments are
continuing evidence of our commitment to building a team capable of
leading CEB as it executes against a $5 billion organic growth
opportunity. And Mike's elevation is the most notable example of CEB's
existing leadership team stepping up to take on broader responsibility
as we execute against that opportunity."
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. You
are hereby cautioned that these statements may be affected by the
important factors, among others, set forth below and in CEB's filings
with the U.S. Securities and Exchange Commission, and consequently,
actual operations and results may differ materially from the results
discussed in the forward-looking statements. Factors that could cause
actual results to differ materially from those indicated by
forward-looking statements include, among others, our dependence on
renewals of our membership-based services, difficulties we may
experience in anticipating market trends, our need to attract and
retain a significant number of highly skilled employees, fluctuations
in operating results, our potential inability to protect our
intellectual property rights, our potential exposure to loss of
revenue resulting from our unconditional service guarantee, various
factors that could affect our estimated income tax rate or our ability
to use our existing deferred tax assets, whether the Washington, D.C.
Office of Tax and Revenue withdraws our QHTC status and possible
volatility of our stock price. These and other factors are discussed
more fully in the "Management's Discussion and Analysis of Financial
Condition and Results of Operations" and "Risk Factors" sections of
CEB's filings with the U.S. Securities and Exchange Commission,
including, but not limited to, its 2004 Annual Report on Form 10-K.
The forward-looking statements in this press release are made as of
March 9, 2006 and we undertake no obligation to update any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
The Corporate Executive Board Company is a leading provider of
best practices research and analysis focusing on corporate strategy,
operations and general management issues. CEB provides its integrated
set of services currently to more than 2,300 of the world's largest
and most prestigious corporations, including over 80% of the Fortune
500. These services are provided primarily on an annual subscription
basis and include best practices research studies, executive education
seminars, customized research briefs and Web-based access to a library
of over 275,000 corporate best practices.
CONTACT: The Corporate Executive Board Company
Timothy R. Yost, 202-777-5455
SOURCE: The Corporate Executive Board Company