In Brief Blog

Cision replaces CEO ahead of expected poor Q3 earnings

STOCKHOLM: Cision’s board of directors replaced its CEO ahead of third quarter earnings that the company described as “unsatisfactory.” It appointed Hans Gieskes as CEO, effective immediately, replacing Niklas Flyborg, who held the position since February 2006. Gieske is a former CEO of LexisNexis.

Cision attributes the upcoming poor results to “weak performance in the UK” due to production disruptions, and says US operations have been impacted by a “weaker US economy and a slower development for broadcast monitoring.”

2 Comments so far

  1. CisionPoint launches upgrades » In Brief Blog » PRWeek Blogs on October 13th, 2008

    [...] automatic translation of 23 foreign languages and enhanced contact management. The software was developed in the US, and the company is now rolling out the upgrades to customers [...]

  2. [...] $167.2 million with an exchange rate that negatively impacted revenue by $8.64 million. Cision recently appointed a new CEO, Hans Gieskes. At the same time it had announced that it anticipated poor Q3 [...]

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