NEW YORK, Aug. 3, 2006 (PRIMEZONE) -- Dow Jones Indexes, a leading global index provider, today announced that Michael A. Petronella, president of Dow Jones Indexes/Ventures, has been elected to the Board of Directors of Copyright Clearance Center, Inc., the world's premier provider of copyright licensing and compliance solutions for the information content industry.
"It is an honor to serve on the Board of this prestigious organization, which protects the copyrights of millions of text-based works belonging to hundreds of thousands of publishers and authors worldwide. At Dow Jones Indexes, we develop, maintain and license indexes to underlie investment products. Ventures -- the reprint and permission services unit of Dow Jones & Co. -- is responsible for the reprinting and copyright clearance for Dow Jones' publications. I look forward to using my expertise in these two areas to support the mission of Copyright Clearance Center," Mr. Petronella said.
"We are extremely pleased to have Mike on our board," said Joseph S. Alen, President and CEO of CCC. "His impressive achievements in diverse senior executive roles at Dow Jones and his expertise in publishing will enable him to play an integral part in Copyright Clearance Center's growth and development."
Mr. Petronella has been president of Dow Jones Indexes/Ventures since 2003. Prior to his current role, he served as managing director for the indexing group since 1997 when it became an official business unit of Dow Jones & Co. He has been with the company in various finance positions for more than 30 years.
Mr. Petronella is a member of the supervisory board of STOXX Ltd., a joint venture of Deutsche Boerse AG, Dow Jones & Co. and SWX Swiss Exchange.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com or contact Dow Jones Indexes/STOXX press office:
New York: +1-212-597-5720 Frankfurt: +49-69-29-725-290
Note to Editors:
About Dow Jones Indexes
Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages and the Dow Jones Global, Regional, Country and Sector Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Together with Wilshire Associates, Dow Jones Indexes markets and licenses the Dow Jones Wilshire index family, which includes the Dow Jones Wilshire 5000 and its size, style, and sector indexes. Dow Jones Indexes also offers a number of specialty indexes including hedge fund, commodity and credit derivative indexes.
In addition to Dow Jones Indexes, Dow Jones & Company (NYSE:DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires, MarketWatch and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva and with Hearst of SmartMoney. Dow Jones also provides news content to CNBC and radio stations in the U.S.
The Dow Jones Indexes logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1289
About Copyright Clearance Center
Copyright Clearance Center is the world's largest provider of text licensing services. These services, combined with CCC's Web-based applications and tools, allow tens of millions of people in corporations, universities, law firms and government agencies to lawfully use and share published information with ease. Since its founding as a not-for-profit company in 1978, CCC has created and expanded the markets and systems that facilitate content reuse and the distribution of royalties to publishers and authors around the world. By offering rights to millions of the world's most sought-after publications, the company plays a major role in the global knowledge economy and encourages support for the principles of copyright. For more information please visit www.copyright.com.