- Push-out Score suggests push-out forces
- After about six and a half years in the position
- Accolades, praise and thanks for Peck
- Chris Cartwright taking over
- Peck will remain as non-executive employee at TransUnion
- Peck spoke at length and said 138 words
(exechange) — Chicago, Illinois, November 14, 2018 — Jim Peck, chief executive of TransUnion, leaves his post. His departure is made public at an early stage. As announced by TransUnion in a news release and in a regulatory filing published on Wednesday, November 14, 2018, James M. (Jim) Peck leaves his post as Chief Executive Officer at the consumer credit reporting agency after about six and a half years in the role, effective May 8, 2019.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past 12 months was 9.2 years, according to data compiled by exechange.
Peck leaves the company effective February 29, 2020.
Jim Peck’s duties will be taken over by Christopher A. (Chris) Cartwright, currently Executive Vice President – U.S. Information Services of TransUnion.
“Thorough leadership succession plan”
Jim Peck’s departure from the CEO post is explained as follows. TransUnion said: “Mr. Cartwright’s appointment is the result of a thorough leadership succession plan that was developed by senior management of the Company over the last several years under the direction and oversight of Mr. Peck and the Board.”
Peck will remain as non-executive employee at TransUnion
“To assist with an orderly transition, Mr. Peck will continue as a non-executive employee of the Company from and after the Succession Date through February 29, 2020. His duties will relate principally to ongoing communication and consultation with the successor President and Chief Executive Officer. Mr. Peck will also continue to serve as a director of the Company following the Succession Date, and he has agreed that he will resign from the Board effective February 29, 2020,” TransUnion said.
TransUnion said: “James M. Peck will retire as President and CEO on May 8, 2019.”
“Not due to any dispute or disagreement”
“Mr. Peck’s retirement as President and Chief Executive Officer is not due to any dispute or disagreement over the Company’s operations, practices or policies,” TransUnion said.
It is a phrase that may be intended to prevent false rumors. It may also fuel further speculation and raise more questions than it answers. Such a phrase should be read very carefully. The exact wording may be insightful.
Share price increase since November 2016
The change follows an increase in TransUnion’s share price of 108 percent since November 2016.
Chaired by Leo Mullin
TransUnion is chaired by Leo Mullin.
Leo F. Mullin has served as a director since 2012. He was appointed as Chairman of the Board in February 2015.
In the position of CEO since 2012
James M. Peck has been the Chief Executive Officer and President at TransUnion LLC since December 31, 2012.
James M. Peck joined TransUnion in December 2012 as President and Chief Executive Officer.
Peck has more than 20 years of information management, global product development and engineering experience.
He has led TransUnion through a transformation into a higher-growth, higher-margin business by setting and executing a strong strategy focused on enhancing the Company’s data, technology and analytics capabilities and achieving growth in key industry verticals and international markets.
Prior to TransUnion, Peck was with Reed Elsevier, a FTSE 100 company, where he served as CEO of the LexisNexis Risk Solutions business from 2004-2012.
Prior to 2004, Peck was the Senior Vice President and Chief Product Officer for the LexisNexis group.
Previously, Peck was the Senior Vice President of Product Development with Celera Genomics, a bio-technology firm that sequenced the human genome.
Prior to that, he spent a decade at LexisNexis in engineering and executive roles to manage and build information solutions.
Peck serves on the Board of Directors of Sun Life Financial as well as CCC Information Services.
He also serves on the board of the Museum of Science and Industry, Chicago.
Peck holds a bachelor’s degree from the University of Dayton, and an M.B.A. from The Ohio State University.
He received a CERT Certificate in Cybersecurity Oversight, issued by the CERT Division of the Software Engineering Institute at Carnegie Mellon University.
Peck will continue to lead TransUnion through the Annual Shareholders meeting in May 2019.
He will remain on the TransUnion board.
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Jim Peck’s move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the change.
Read the full story in the exechange report 47.2018 ($).