| Type | Public (NYSE: EXBD) |
|---|---|
| Industry | Best practice research and consulting |
| Founded | Washington, D.C. (1983) |
| Headquarters | Arlington, VA, USA |
| Key people | Thomas L. Monahan, III, Chairman and CEO Melody Jones, Chief Human Resources Officer Richard Lindahl, Chief Financial Officer Steve Meyer, Chief Commercial Officer Jamie Bird, Chief Information Officer |
| Revenue | US$410 million (TTM 1Q2006)[1] |
| Operating income | US$19.6 million (TTM 1Q2006) [1] |
| Net income | US$75.8 million (TTM 1Q2006) [1] |
| Employees | 2,440[2] |
| Website | Executiveboard.com |
The Corporate Executive Board Company (CEB) (NYSE: EXBD) is a for-profit, publicly-traded firm that provides best practices research and analysis to business executives and professionals worldwide. CEB offers benchmarking datasets, decision-support tools, research briefs, and case studies, as well as executive forums and peer networking opportunities. CEB serves more than 80% of Fortune 500 corporations in more than 50 countries.
CEB members pay an annual subscription to join one or more programs geared toward the needs of executives fulfilling specific functions (e.g., CFO, legal counsel, IT director, director of marketing, head of HR, etc.). Individual programs are grouped into practice areas, which include Finance and Strategy, Financial Services, Corporate Leadership, Government, Information Technology, Corporate Integrity, and Sales, Marketing, and Communications. Research topics for individual programs are chosen on a consensus basis by the member executives and CEB research staff for a given program.
Corporate Executive Board is not related to the not-for-profit Conference Board, with which it is sometimes confused.
Contents |
The company was founded in 1979 as the Research Council of Washington by David G. Bradley[1]. In 1997, the Corporate Executive Board was spun off from the Advisory Board Company[2], which deals exclusively with health-care and higher education related issues.
In 2004, CEB grew to employ more than 1,200 staff members. In 2006, CEB expanded its business beyond its traditional member base of Fortune 500 companies to include middle market companies with revenues below $750 million.
In March 2007, CEB opened its first domestic offices outside of metropolitan Washington, DC in San Francisco and Chicago. It also maintains offices in Sydney, Australia, Toronto, Canada, London, England, Frankfurt, Germany, Singapore, and Gurgaon, India. In July 2007, CEB acquired ITtoolbox, an online community of professionals who share practical information on IT topics.
In 2009, CEB acquired Toronto-based Warrillow & Co.
A large workforce reduction and hiring freeze were implemented in the summer of 2009, but the company has since begun recruiting new employees again as economic conditions have improved and demand for CEB's services has increased.
CEB announced on Aug. 9, 2010, that it will transfer the listing of its common stock to the NYSE. CEB expects to begin trading on the NYSE on Aug. 20, 2010, using its current symbol "EXBD." The company will continue to trade on the NASDAQ until the transfer is completed.
Corporate Executive Board's IPO occurred February 22, 1999 at an offer price of $19. The company's stock reached a high of more than $108 in April, 2006, before falling to as low as $12 per share in 2009; the decline was attributed primarily to sales force deficiencies.[3][4][5]