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."

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."

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