Message #11 From:
NewsBot Date: October 10, 2006 12:39:00 PM
IHS News IHS Appoints C. Michael Armstrong as Lead Independent Director
ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE: IHS), a leading global provider of critical technical
information, decision-support tools, and strategic services, today
announced that C. Michael Armstrong has been appointed as lead
independent director of IHS.
The appointment of Mr. Armstrong as lead independent director follows
the recent announcement by IHS that Jerre L. Stead, executive chairman
of the board, has assumed the additional role of chief executive officer
of IHS.
Mr. Armstrong has served as a member of the IHS board since December
2003 and chairs the Nominating and Corporate Governance Committee.
Mr. Armstrong is the retired Chairman of Comcast and the retired
Chairman & CEO of AT&T and Hughes Electronics. Prior to these positions,
he spent more than three decades with IBM, retiring as Chairman of the
Board of the IBM World Trade Corporation.
Mr. Armstrong is Chairman of Johns Hopkins Medicine, Hospital and Health
System, Chairman of SV Investment Partners, and is on the board of
directors of Citigroup Inc., HCA Inc., Parsons Corporation and the
Telluride Foundation, and is Vice Chairman of Johns Hopkins University.
About IHS Inc.
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.
