May 3 (Bloomberg) -- Dun & Bradstreet Inc., the 171-year-old provider of business data and risk-management services, said Sara Mathew will retire as chief executive officer and chairman by May of next year.
The board has hired executive-search firm Spencer Stuart to help find a new leader, the Short Hills, New Jersey-based company said today in a statement. Dun & Bradstreet said it will consider both internal and external candidates.
“I have had the privilege of working with a very talented team over the past 12 years to lead the transformation of D&B from a data provider to a big data, insights and analytics company,” Mathew, 57, said in the statement.
The company is seeking a new CEO at a time when it’s still struggling to revive growth. Sales dropped 5 percent last quarter, marking the fifth straight period of year-over-year declines. Dun & Bradstreet also made a failed attempt to find a buyer for the company last year, Reuters reported in November.
Dun & Bradstreet shares rose 1.1 percent to $90 at the close in New York. The stock has climbed 14 percent this year.
Mathew joined Dun & Bradstreet in 2001 as chief financial officer after 18 years at Procter & Gamble Co. She became CEO and chairman in 2010.
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