FactSet Appoints Kate Stepp as Chief Technology Officer

Rhea-AI Summary

FactSet has appointed Kate Stepp as Chief Technology Officer (CTO), effective September 1, 2022. Stepp, a 14-year veteran of the company, will lead the Technology organization and its digital transformation strategy. She succeeds Gene Fernandez, who will assist in the transition through November 2022. CEO Phil Snow emphasized Stepp's leadership and industry knowledge as vital for FactSet's innovation and talent growth. Stepp aims to enhance efficiency through cognitive capabilities and workflow automation, continuing FactSet's commitment to client-centered solutions.

Positive

• Kate Stepp's appointment is expected to enhance innovation and technological capabilities.
• Stepp's extensive experience at FactSet may ensure continuity in leadership and vision.
• Focus on cognitive capabilities and workflow automation could improve client solutions.

Negative

• Transitioning from Gene Fernandez may raise concerns about continuity during the leadership change.

NORWALK, Conn., Aug. 10, 2022 (GLOBE NEWSWIRE) -- FactSet ("FactSet" or the “Company”) (NYSE: FDS) (NASDAQ: FDS) today announced the appointment of Kate Stepp as Chief Technology Officer (CTO), effective September 1, 2022. Stepp will report directly to FactSet’s CEO, Phil Snow. As a 14-year veteran of FactSet, Stepp brings her significant engineering, product, and organizational knowledge to the role of leading the Company’s Technology organization and overseeing its digital transformation strategy.  

“The role of CTO and the Technology organization are critically important to the success of FactSet and our clients,” said Snow. “Kate is an inspiring leader and collaborator. I am confident that under her leadership, FactSet will continue our focus on innovation and commitment to delivering our clients the best content and workflow solutions. Kate’s perspective of the company and deep knowledge of the industry will be instrumental in our goal of attracting, retaining, and growing outstanding talent within FactSet’s Technology organization.” 

Stepp joined FactSet in 2008 and is currently Senior Director of Product Management within FactSet’s Research and Advisory workflow solutions business. Prior to this role, she was Senior Director of Engineering within FactSet’s Research workflow solutions business. During Stepp’s tenure at FactSet she has been a key contributor to many strategic initiatives, including FactSet’s web offering, cognitive-powered insights, and FactSet for CRM. She holds a B.S. in Computer Science from Carnegie Mellon University. Stepp will continue to be based in London. 

“My experience working with clients as part of both the product and engineering organizations has highlighted a strong need to drive efficiency through advanced cognitive capabilities, meaningful content integrations, and end-to-end workflow automation,” said Stepp. “I look forward to partnering across the organization to ensure we continue to deliver the modern, client-centric solutions for which FactSet is known.” 

Stepp will succeed Gene Fernandez, who will continue with FactSet through November 2022 to ensure a smooth transition. “Over the last five years, Gene has been committed to driving our technology transformation and has been an integral member of our executive leadership team,” said Phil Snow. “We thank him for his many contributions and wish him well in his next chapter.”  

About FactSet 

FactSet (NYSE: FDS | NASDAQ: FDS) delivers superior content, analytics, and flexible technology to help more than 173,000 users see and seize opportunity sooner. We give investment professionals the edge to outperform with informed insights, workflow solutions across the portfolio lifecycle, and industry-leading support from dedicated specialists. We're proud to have been recognized with multiple awards for our analytical and data-driven solutions, with the distinction of having been recently added to the S&P 500, and repeatedly scored 100 by the Human Rights Campaign® Corporate Equality Index for our LGBTQ+ inclusive policies and practices. Subscribe to our thought leadership blog to get fresh insight delivered daily at insight.factset.com. Learn more at www.factset.com and follow us on Twitter: www.twitter.com/factset. 

FactSet 
Investor Relations Contact:                          
Kendra Brown                                         
+1.203.810.2684                                 
kbrown@factset.com 

Media Contacts: 
Bénédicte Godet  
+33 (0)6 01 02 57 82  
benedicte.godet@factset.com 

Megan Kovach 
+1.512.736.2795 
megan.kovach@factset.com 

FAQ

Who has been appointed as the new CTO of FactSet?

Kate Stepp has been appointed as the new Chief Technology Officer (CTO) of FactSet.

When does Kate Stepp officially take over as CTO?

Kate Stepp officially takes over as CTO on September 1, 2022.

What role did Kate Stepp hold before becoming CTO?

Before becoming CTO, Kate Stepp was the Senior Director of Product Management at FactSet.

What is the significance of Kate Stepp's appointment for FactSet?

Kate Stepp's appointment is significant as it brings her extensive knowledge and experience to lead FactSet's technology transformation.

What challenges might FactSet face during the transition to new leadership?

FactSet may face challenges in maintaining continuity and leadership vision during the transition from Gene Fernandez to Kate Stepp.