leadership
confidence high
sentiment neutral
materiality 0.70
FactSet appoints Sanoke Viswanathan as CEO; Phil Snow retires after 10 years as CEO
FACTSET RESEARCH SYSTEMS INC
- Phil Snow to retire as CEO and director effective early Sept 2025; will serve as senior advisor through late 2025.
- Sanoke Viswanathan, former JPMorgan CEO of International Consumer and Wealth, appointed as new CEO effective Sept 2025.
- Viswanathan employment: $1M base salary, 200% target bonus, $22M FY2026 option award with 150% VWAP hurdle, plus make-whole awards.
- Snow's 10-year CEO tenure: FactSet more than doubled revenue, delivered double-digit EPS growth and total shareholder return.
- Succession planned; Snow's departure not due to any disagreement with company operations or policies.
item 5.02item 9.01