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Experian COO Boundy to leave to be McAfee CEO; revenue up

July 16, 2024 at 02:46 pm IST

(Alliance News) - Experian PLC on Tuesday announced a senior departure alongside revenue growth and unchanged growth expectations.

The Dublin-based consumer credit checker said Chief Operating Officer Craig Boundy will leave on August 20 to become chief executive officer of California-based virus-blocking software firm McAfee Corp.

The announcement came as Experian said revenue increased by 7% in the first financial quarter ended June 30, or 8% at constant exchange rates. Organic revenue growth also was 7%.

Experian Chief Executive Officer Brian Cassin said growth expectations for the full year are unchanged, as the company anticipates organic revenue growth of 6% to 8% and margin accretion of 30 to 50 basis points at constant exchange rates on an ongoing basis.

In financial 2024, revenue from ongoing activities had climbed 7% at constant exchange rates. Revenue from ongoing activities was up 7.8% at actual growth rates at USD7.06 billion from USD6.55 billion in financial 2023.

Experian shares were down 1.6% to 3,583.00 pence each on Tuesday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

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Craig Boundy

Craig Boundy is currently the Chairman at Serasa SA. He is also the Chief Operating Officer & Executive Director at Experian Plc, the Director at Corporate Cost Control, Inc., and the Chief Executive & Operating Officer at Experian Information Solutions, Inc. Formerly, Mr. Boundy served as the Chief Executive Officer at Experian North America, Inc., the CEO-Global Operations at CGI IT UK Ltd., the Chief Operating Officer & Sales Director at Energis Plc, the Director at The 41st Parameter, Inc., the Managing Director at Experian Ltd., the Director at Consumerinfo.com, Inc., and the Chief Operating Officer at Cable & Wireless Ltd.

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Experian Information Solutions, Inc. Experian Information Solutions, Inc. Financial Publishing/ServicesCommercial Services Experian Information Solutions, Inc. engages in the provision of customer relationship management solutions. It offers services relating to business home, customer acquisition, customer management, risk management, fraud management, debt recovery, consulting services, and regulatory compliance. The company was founded in 1996 and is headquartered in Costa Mesa, CA.	Chief Executive Officer
Serasa SA Serasa SA Miscellaneous Commercial ServicesCommercial Services Serasa SA provides credit reporting services. It provides financial reports that include information on the make-up and concentration of the credits, and securities portfolio for analyses and solutions with credit, information and telecommunications technologies. The company was founded on October 3, 1968 and is headquartered in Sao Paulo, Brazil.	Chairman

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