For immediate release
04 April 2001
STATPRO GROUP PLC
(“StatPro” or the “Group”)
Appointment of US C.E.O.
StatPro Group plc (“StatPro” or “the Company”), a leading supplier of performance measurement software for the asset management industry worldwide, is pleased to announce, with immediate effect, the appointment of Paul Hackett as the new C.E.O. for its United States operations.
Paul brings with him a significant expertise in the financial services sector. He also has invaluable and relevant experience in building client relationships in businesses that provide services on a recurring revenue basis.
Prior to joining StatPro, Paul was Senior Vice President and General Manager of I/B/E/S Inc. with responsibility for sales, client services and marketing. During his time with I/B/E/S Inc., Paul succeeded in increasing the recurring revenue base for the Americas and Japan region from $8m to approximately $30m in six years.
Paul joined I/B/E/S Inc. in 1985 and prior to this had positions with Merrill Lynch and IBM.
Commenting on the appointment, Justin Wheatley, Chief Executive of StatPro said : “Paul took I/B/E/S Inc. from $8 million to around $30 million in annual sales in 6 years. The opportunities available to StatPro in the USA far exceed this and we believe that Paul has the tenacity, knowledge and skill with which to make StatPro Inc. the key constituent of our global business strategy. I have no doubt that Paul will be instrumental in driving StatPro forward to fulfil the Company’s commitment to success .”
Commenting on his appointment, Paul Hackett said : “StatPro has impressed me with its energy and professionalism. There is a huge market opportunity for its business in the USA, with over 2000 asset managers currently vying to demonstrate their performance achievements. My task is to build a sales and support infrastructure with which we can grow the Company as aggressively as possible. I look forward to the challenges ahead.”
For further information, please contact:
StatPro Group plc
|Justin Wheatley, Chief Executive||020 8410 9876|
|Andrew Fabian, Finance Director|
|Mark Edwards/Bobbie Swanson||020 7466 5000|