Morningstar Announces Appointment of James Tanner as Global Head of Business Development and Sales; Scott Cooley to Step Down as CFO

Wed Jan 9, 2013 4:03pm EST

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CHICAGO,  Jan. 9, 2013  /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a
leading provider of independent investment research, today announced two senior
management changes.  Scott Cooley, chief financial officer, will be stepping
down from his role this year. The company expects him to remain chief financial
officer until Morningstar names a replacement. Cooley, 44, has served as
Morningstar's chief financial officer since 2007. In addition,  James Tanner,
52, has joined Morningstar as global head of business development and sales.  

Joe Mansueto, chairman and chief executive officer of Morningstar, said, "Scott
came to Morningstar as a stock analyst 17 years ago and has held many leadership
roles within the firm. He has done a superb job as CFO. I hate to see him leave
this post, but I understand that he is ready for a new challenge. Scott is
considering several options, including going back to school to pursue a
doctorate or staying with Morningstar in a research capacity. He's going to take
some time to think about the next chapter in his life, which I hope will include
a role at Morningstar."    

Mansueto added, "We're thrilled that Jim is joining Morningstar's senior
management team. Jim founded Wall Street on Demand, a very successful company
that was acquired by UK-based Markit two years ago. We've long admired Jim's
customer-centric approach to business. His appointment adds even more firepower
to the strong sales management team we have in place."

"For the last 25 years, I have watched as Morningstar has become a premier
research and information provider," Tanner said. "I am proud and honored to be
given the opportunity to join such an amazing team."

Tanner most recently served as Markit's vice chairman of business development
and before that its head of global distribution. He holds a master's degree in
business administration from  Harvard  and a bachelor's degree in Russian
language and literature from  Haverford College.

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in 
North America,  Europe,  Australia, and  Asia. The company offers an extensive
line of products and services for individuals, financial advisors, and
institutions. Morningstar provides data on more than 385,000 investment
offerings, including stocks, mutual funds, and similar vehicles, along with
real-time global market data on more than 8 million equities, indexes, futures,
options, commodities, and precious metals, in addition to foreign exchange and
Treasury markets. Morningstar also offers investment management services through
its registered investment advisor subsidiaries and has approximately  $195
billion  in assets under advisement and management as of  Sept. 30, 2012. The
company has operations in 27 countries.

Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements as that term is used in
the Private Securities Litigation Reform Act of 1995. These statements are based
on our current expectations about future events or future financial performance.
Forward-looking statements by their nature address matters that are, to
different degrees, uncertain, and often contain words such as "may," "could,"
"expect," "intend," "plan," "seek," "anticipate," "believe," "estimate,"
"predict," "potential," or "continue." These statements involve known and
unknown risks and uncertainties that may cause the events we discussed not to
occur or to differ significantly from what we expected. For us, these risks and
uncertainties include, among others, general industry conditions and
competition, including current global financial uncertainty; the impact of
market volatility on revenue from asset-based fees; damage to our reputation
resulting from claims made about possible conflicts of interest; liability for
any losses that result from an actual or claimed breach of our fiduciary duties;
financial services industry consolidation; liability related to the storage of
personal information about our users; a prolonged outage of our database and
network facilities; challenges faced by our non-U.S. operations; and the
availability of free or low-cost investment information. A more complete
description of these risks and uncertainties can be found in our filings with
the Securities and Exchange Commission, including our Annual Report on Form 10-K
for the year ended  December 31, 2011. If any of these risks and uncertainties
materialize, our actual future results may vary significantly from what we
expected. We do not undertake to update our forward-looking statements as a
result of new information or future events.

©2013 Morningstar, Inc. All rights reserved.


Media Contact:
Margaret Kirch Cohen, +1 312-696-6383 or

SOURCE  Morningstar, Inc.
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