FactSet Research Systems has announced a notable shift in its executive leadership with the departure of Chief Financial Officer (CFO) Linda Huber, who has been with the company for nearly three years. Effective immediately, Helen Shan, who originally served as CFO before Huber’s appointment in late 2021, will be stepping back into the role. Shan, who has been with FactSet for several years, had taken on the position of executive vice president and chief revenue officer during Huber’s tenure.
Helen Shan’s return to the CFO role marks a significant change for FactSet. Shan had previously held the CFO position and was responsible for steering the company’s financial strategy and operations. Her reappointment is expected to bring a sense of continuity and stability, given her prior experience with the company’s financial management. This transition aligns with the company’s broader strategic goals as it continues to evolve in the competitive financial data and analytics sector.
Simultaneously, FactSet is also making adjustments to its revenue management team. Goran Skoko, another executive vice president, will be stepping into the role of chief revenue officer starting September 1, 2024. Skoko’s new responsibilities will include overseeing the company’s revenue-generating activities and strategies, crucial for driving growth and maintaining market competitiveness.
FactSet has clarified that Huber’s departure is not linked to any internal disagreements or issues related to accounting practices, financial statements, or the company’s overall financial health. In fact, the company has reaffirmed its full-year fiscal 2024 guidance, demonstrating its confidence in its financial outlook and operational stability despite the changes in leadership.
The announcement comes as FactSet continues to position itself in the financial data industry, a sector known for its rapid evolution and increasing demands for innovation and accuracy. With these leadership transitions, FactSet aims to reinforce its commitment to financial excellence and strategic growth, ensuring that it remains well-positioned to serve its clients and adapt to market changes.