Arbitron Appoints New Chairman
May 17, 2007 10:10 AM
New York - May 17, 2007 - Several actions were taken at Arbitron's annual stockholder meeting on May 15, 2007, and by the company''s board of directors meeting that followed.
- Stephen B. Morris, Arbitron''s president, was appointed by the Arbitron board of directors to serve as chairman.
- Luis Nogales was appointed by the board of directors to serve as lead independent director.
- William T. Kerr was elected by the company''s stockholders to serve on the Arbitron board of directors for a one-year term until the 2008 meeting of stockholders.
Morris replaces Lawrence Perlman, who served as non-executive chairman of the company''s board of directors for the past six years. Nogales, managing partner of Nogales Investors, as lead independent director will coordinate the activities of the independent directors and provide shareholders with an independent director who functions as a channel of communication to the board. Kerr was elected to the Arbitron board of directors to serve a one-year term until the 2008 meeting of stockholders. Kerr is currently of Meredith Corporation.