CoreLogic, a local consumer-information, analytics, and business-intelligence provider for the financial and property industries, initiated a search for director positions earlier this year. Spencer Stuart, a global executive search firm, led the comprehensive search. Several significant CoreLogic stockholders provided key input as well.
The three candidates selected are Douglas Curling, principal and managing director of Georgia-based New Kent Capital LLC; John Dorman, chairman of the board of Virginia-based Online Resources Corporation; and Jaynie Miller Studenmund, a company director for Orbitz Worldwide Inc., an online travel company, and Pinnacle Entertainment Inc. All three executives have extensive business backgrounds and experience in the software, technology and online business sectors.
"We are delighted to successfully conclude our independent director search process and announce a resolution of outstanding issues with Highfields Capital,” said Board Chairman D. Van Skilling, referring to an agreement with the investment capital firm in which Highfields agreed to support the new candidates, withdrawing its own proposed nominees. “Doug, John and Jaynie bring a wealth of relevant industry, technology, operational and prior board experience to CoreLogic. We look forward to working with each of the new candidates as we continue to implement our strategic plans to build value for all of our stockholders."
Skilling also announced to the firm that he plans to retire from his board position following the company’s 2014 annual meeting. The board of directors will select his successor to lead the company near the end of 2013.
Following the candidates’ nomination to the board, members will elect the new directors, at which point they will be assigned to one of the company’s standing board committees best suited to their experience and expertise.
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