The TNS Board is going to see a new chairman within the next few weeks. This decision comes close on the heels of a replacement for Tony Cowling. Mike Kirkham, who was in the race for the position and was invited by the Board of institutional shareholders to become a candidate, has withdrawn his candidature.
Commenting on his decision, Kirkham said, “UK Corporate Governance guidelines recommend that only in exceptional circumstances should the Chief Executive of a company go on to become chairman. After further consideration, I now believe it is appropriate for me to step down from the process and withdraw my candidature. I will fully support the new chairman and the new Chief Executive, David Lowden, and will work with them for the future success of TNS.”
TNS, which is one of the world’s largest custom research companies, is a market information group that provides market information and measurement, together with insights and analysis to local and multinational organizations, has a global network spanning 70 countries.