Nielsen Holdings N.V. NLSN recently promoted Steve Hasker to the position of Global President and Chief Operating Officer (COO), effective Jan 1, 2016.
Hasker joined Nielsen in 2009 and is currently responsible for the company’s U.S. Media business and oversight of the product teams for both the consumer and media businesses. In addition, effective Jan 1, he will look after all commercial activities across the company's Watch and Buy segments globally.
In his illustrious career, Hasker has held responsible financial positions in well-known organizations, like McKinsey's Global Media, and served in countries such as Russia and Australia apart from the U.S. Hasker’s vast experience is expected to help Nielsen achieve its targets.
Nielsen Holdings is an information and measurement company which offers media and marketing information and analytics about what consumers watch (consumer interaction with television, online and mobile) and buy on a global as well as local basis. The company has built a strong portfolio through product introductions.
Recently, the company approved a share repurchase authorization of $500 million. The regular share buybacks will increase investors’ enthusiasm surrounding the shares, while helping the company maintain its financial position.
In third-quarter 2015, Nielsen’s revenues dropped 1.8% sequentially and 2.6% year over year to $1.53 billion. The year-over-year decline was the result of unfavorable foreign currency impact. However, earnings of 67 cents beat the Zacks Consensus Estimate by a penny.
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