Raymond D’Arcy is stepping down as president and CEO at Interactive Data Corporation less than two months after venture capital funds Silver Lake and Warburg Pincus concluded their acquisition of the financial information giant.
The top level shuffle sees Mason Slaine named as chairman, president and CEO of Interactive Data, with D’Arcy appointed vice chairman. Slaine is no stranger to Warburg Pincus, having set up two companies with the venture capital firm. The first was Information Holdings, founded in 1996 as an electronic publisher in the intellectual, property, science and health care fields, and sold to Thomson in 2004. The second, of which Slaine will remain chairman, is MLM Information Services, a vendor of corporate tax compliance software and services set up with Warburg Pincus in 2005.
After a career spanning over 30 years at Interactive Data, D’Arcy remains on the board of directors with the remit to act as a senior advisor for Interactive Data’s major clients and provide strategic guidance about the company’s business operations to Slaine and the board.