Skarzynski – CEO of Arbitron resigns.
December 12, 2009
The Board of Directors of Arbitron, Inc. announced that Michael P. Skarzynski has resigned as President and Chief Executive Officer, and as a member of the Company’s Board of Directors. Also effective immediately, William T. Kerr, a member of the Company’s Board of Directors, will become Arbitron’s President and Chief Executive Officer.
“Bill’s experience as a Chief Executive Officer and Chairman of a large public media company coupled with his board memberships make him uniquely qualified to lead Arbitron. Additionally, Bill’s service as a member of Arbitron’s Board of Directors should provide a fast and effective transition into his new role,” said Philip Guarascio, Chairman of the Board, Arbitron Inc.
Mr. Skarzynski and the Company’s Board together determined that he had violated a Company policy in a matter entirely unrelated to the financial performance of the Company. Accordingly, Mr. Skarzynski has submitted his resignation to the Company.
Chairman Edolphus “Ed” Towns (D-NY) released the following statement upon learning that Arbitron CEO Michael Skarzynski may have provided false testimony during the full committee hearing on December 2, 2009 titled, “Will Arbitron’s Personal People Meter Silence Minority Owned Radio Stations?”
“Today I received information that the CEO of Arbitron, Michael Skarzynski, may have provided false testimony at a December 2, 2009 hearing of the Committee on Oversight and Government Reform. As Chairman, I am committed to protecting the integrity of the Committee’s proceedings, and will review this matter to determine whether the Committee was intentionally misled and whether further action is warranted.”