Morningstar CFO Stéphane Biehler leaves at short notice

  • Signs for push-out forces
  • After around three years on the job
  • Kunal Kapoor taking over in the interim
  • Search for a successor

(exechange) — Chicago, Illinois, February 27, 2017 — Stéphane Biehler, finance chief of Morningstar, leaves. It is a change at short notice. As announced by Morningstar, Inc. in a regulatory filing published on Monday, February 27, 2017, Stéphane Biehler leaves the post as chief financial officer at the investment research and investment management firm in a surprising move after around three years on the job, effective March 10, 2017.

Morningstar will undertake a search for a successor.

Biehler’s duties are taken over in the interim by Kunal Kapoor, currently chief executive officer at Morningstar, Inc.

“To join a Chicago-based trading firm”

“On February 21, 2017, Stéphane Biehler, Morningstar, Inc.’s chief financial officer, notified Morningstar that he is resigning from his position effective March 10, 2017, to join a Chicago-based trading firm,” Morningstar said.

Share price rise since February 2009

The change follows a rise in the share price of Morningstar, Inc. since February 2009.

Chaired by Joe Mansueto

Morningstar, Inc. is chaired by Joe Mansueto.

Joe Mansueto founded Morningstar in 1984 and became executive chairman in 2017. He has served as chairman of the board of directors from the company’s inception, and as chief executive officer from 1984 to 1996 and again from 2000 to 2016.

CEO: Kunal Kapoor

Kunal Kapoor serves as CEO of Morningstar, Inc.

On the job as CFO since 2013

Stéphane Biehler has been the Chief Financial Officer of Morningstar Inc. since November 4, 2013.

Biehler joined Morningstar in 2013.

He previously served as executive vice president, chief accounting officer, and corporate controller for NYSE Euronext, a global operator of financial markets, since 2007.

Prior to the 2007 merger between NYSE Group with Euronext to form NYSE Euronext, and the merger of Archipelago Holdings with the New York Stock Exchange to form NYSE Group, Biehler joined Archipelago Holdings as managing director and corporate controller.

He helped facilitate the successive mergers of these companies as well as the creation of a global finance function.

Biehler spent the first nine years of his career working for Deloitte in both Paris and New York.

Biehler holds a master’s degree in international business from the University of Haute-Alsace in France.

He is a Certified Public Accountant and a dual French and American citizen.

Signs for push-out forces

It is not completely certain what forces eventually triggered Stéphane Biehler’s move.

The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.

Read the full story in the exechange report 10.2017 ($).