MSCI Appoints Chirantan Desai as Independent Director, Shares Move 2.0%

Chirantan "CJ" Desai has been appointed as an independent director on MSCI Inc.'s board of directors, effective March 11, 2024. With this appointment, the board will now be comprised of 13 directors. Desai will serve as a member of the strategy and finance committee of the board.

As the president and chief operating officer of ServiceNow, Inc., Desai brings extensive expertise in technology-driven and AI-powered approaches to MSCI's board. His experience in overseeing products, platform, AI, design, engineering, and cloud infrastructure is expected to provide invaluable insight.

Henry A. Fernandez, MSCI's chairman and chief executive officer, expressed excitement about Desai's appointment, stating that MSCI actively invests in accelerating its technology-driven and AI-powered approaches to servicing clients. Fernandez highlighted Desai's experience as a key addition to the board, which has deep expertise across the investment and technology industries.

Desai, in his statement, expressed enthusiasm about joining the board at a critical juncture as MSCI develops tools and solutions for the next evolution of global investing, supported by cutting-edge technology. He looks forward to working closely with the board and management to continue delivering success for clients and driving meaningful value for shareholders.

Desai currently serves as president and chief operating officer at ServiceNow, where he leads enterprise-wide operations to ensure business rigor from innovation to execution. Prior to joining ServiceNow, he was the president of the emerging technologies division at EMC and held several senior leadership roles at Symantec Corporation.

MSCI Inc. is a leading provider of critical decision support tools and services for the global investment community, with over 50 years of expertise in research, data, and technology. The company powers better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios.

The market has reacted to these announcements by moving the company's shares 2.0% to a price of $562.77. Check out the company's full 8-K submission here.

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