Comscore CEO Bill Livek Announces Intention to Retire and Transition to Non-Executive Vice Chairman Role After a Successor is Identified

Rhea-AI Summary

Bill Livek, CEO of Comscore (NASDAQ: SCOR), will retire from his CEO role and transition to non-executive Vice Chairman. Having led Comscore's operational turnaround since 2019, Livek's experience spans over four decades in media measurement, establishing significant innovations in measurement techniques. The Board will seek both internal and external candidates for his successor, with Spencer Stuart assisting in the search. Livek is confident in Comscore's future and intends to support the company through his remaining Board term, ending mid-2024.

Positive

• Successful turnaround of Comscore under Bill Livek's leadership.
• Strengthened balance sheet and product enhancements during Livek's tenure.

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• None.

RESTON, Va., Feb. 28, 2022 /PRNewswire/ -- Comscore (NASDAQ: SCOR), a trusted partner for planning, transacting, and evaluating media across platforms, announced today that following an extraordinary career over four decades in media measurement, Chief Executive Officer and Executive Vice Chairman Bill Livek has announced his intention to retire as CEO and transition to non-executive Vice Chairman after his successor as CEO is named. Mr. Livek plans to serve as the non-executive Vice Chairman of Comscore's Board through the completion of his Board term in mid-2024.

Mr. Livek, whose career in media measurement began in 1978, helped build and turn around a number of measurement companies that continue to be important to the media measurement ecosystem today, including Arbitron (Nielsen Audio), Birch/Scarborough, and Simmons. He also helped usher in innovations in the use of big data sets such as credit card information, set-top devices and point of sales data into the media measurement landscape. Mr. Livek served as CEO of Rentrak, where he helped build the company's Movie and TV measurement businesses to a market capitalization of over a billion dollars at its height and helped facilitate the merger between Comscore and Rentrak in 2016. Following the merger, Mr. Livek served on Comscore's Board before stepping into the CEO role in 2019. During the course of Mr. Livek's recent tenure as CEO, he has marshalled Comscore's operational turnaround, refinancing the balance sheet, delivering product enhancements, and establishing a path forward for Comscore as the future of modern measurement.

Comscore's Board will consider external and internal candidates to succeed Mr. Livek as CEO and has engaged Spencer Stuart to assist with the search.

"On behalf of the Comscore Board, employees and industry, we want to thank Bill for his leadership and successful turnaround of Comscore," said Brent Rosenthal, Chairman of the Board for Comscore. "Bill ensured that Comscore is in a stronger position than it's ever been and prepared to serve as the future of media measurement."

"It has been an honor to serve Comscore's shareholders, customers and employees, and I am so proud of what we have accomplished together as a team to make Comscore synonymous with census measurement," said Mr. Livek. "I am confident about Comscore's future and honored to continue to be part of it."

About Comscore
Comscore is a trusted partner for planning, transacting and evaluating media across platforms. With a data footprint that combines digital, linear TV, over-the-top and theatrical viewership intelligence with advanced audience insights, Comscore allows media buyers and sellers to quantify their multiscreen behavior and make business decisions with confidence. A proven leader in measuring digital and TV audiences and advertising at scale, Comscore is the industry's emerging, third-party source for reliable and comprehensive cross-platform measurement.

 

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SOURCE Comscore

FAQ

What is the significance of Bill Livek's retirement for Comscore (SCOR)?

Bill Livek's retirement marks a pivotal transition for Comscore as the company searches for a new CEO to continue its operational turnaround.

Who is helping Comscore find a new CEO after Bill Livek's announcement?

Spencer Stuart has been engaged to assist with the search for a new CEO.

When does Bill Livek plan to step down from his CEO position at Comscore?

Bill Livek plans to retire as CEO after a successor is identified.

What achievements did Bill Livek accomplish during his tenure as CEO of Comscore (SCOR)?

During his tenure, Livek successfully led Comscore's operational turnaround and strengthened its product offerings.