Experian announced changes to its top management on Thursday with current CEO Don Robert becoming chairman and finance director Brian Cassin taking over as CEO.
Cassin joined Experian in 2012 and previously served as managing director of investment bank Greenhill.
Robert, who was appointed CEO of Experian in 2005, led the business, best known for checking consumers' credit records for banks and retailers, through the 2008 financial crisis and oversaw its diversification into new markets including utilities and telecommunications.
The board changes, which will take effect after the company's annual meeting in July, follow current Experian chairman John Peace's decision to step down in July after eight years in the role. That move was announced last May.
"We focused on making sure that the company will continue to benefit from valuable continuity within the senior leadership of the business into the medium term as well as maintaining the team-based culture," said Deputy Chairman Alan Rudge, who also will retire in July. Rudge will be replaced by George Rose, the former finance director of BAE Systems who was appointed a non-executive director at Experian in 2012.
Experian also reported Thursday that it delivered growth in the last three months, its fiscal third quarter, with total revenue up by 7 percent and organic revenue growth of 5 percent. The performance was boosted by a 16 percent increase in revenue at Experian's Decision Analytics division, fueled by sales of fraud prevention products.
Experian said it had seen improving conditions in markets such as Britain while other markets had been challenging, with a weak economic environment in Brazil and softness in U.S. mortgage activity. The company expects revenue growth, excluding acquisitions, to be at least comparable to the third quarter in the second half as a whole, and expects a "modestly improved" profit margin at constant currency rates.
