Cannae Holdings, Inc. Announces William P. Foley II as CEO
12 February 2024 - 11:06PM
Business Wire
Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”)
today announced that it has appointed Chairman William P. Foley II
as Chief Executive Officer of the Company and Richard Massey as
Vice Chairman of the Board. Mr. Massey will continue to work with
Mr. Foley on investment opportunities. Mr. Foley will continue as
Chairman of the Board and Ryan Caswell will continue as the
President of the Company.
William P. Foley, II, commented, “I am very excited to assume
the role of Chief Executive Officer and continue working with Rick
Massey and our portfolio management team while sourcing new private
investments that offer outsized, risk-adjusted returns.”
About Cannae Holdings, Inc.
We primarily acquire interests in operating companies and are
engaged in actively managing and operating a core group of those
companies. We are a long-term owner that secures control and
governance rights of other companies primarily to engage in their
lines of business and we have no preset time constraints dictating
when we sell or dispose of our businesses. We believe that our
long-term ownership and active involvement in the management and
operations of companies helps maximize the value of those
businesses for our shareholders. Cannae’s current operating
interests include Dun & Bradstreet Holdings, Inc. (NYSE: DNB),
in which Cannae holds 79 Million shares or 18% interest, and
Alight, Inc. (NYSE: ALIT), in which Cannae owns 52.5 Million shares
representing a 10% interest. Cannae also holds 4 Million shares, or
3%, of Dayforce, Inc. (NYSE: DAY), 27 Million shares, or 31%, of
System1, Inc. (NYSE: SST), and 3.4 Million shares, or 6% of Paysafe
Limited (NYSE: PSFE). Cannae’s other principal operating holdings
include Sightline Payments, of which Cannae owns 32%, Computer
Services, Inc., of which Cannae owns 6% and Black Knight Football
& Entertainment, LP, of which Cannae owns approximately
48%.
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version on businesswire.com: https://www.businesswire.com/news/home/20240212731449/en/
Jamie Lillis, Managing Director, Solebury Strategic
Communications, 203-428-3223, jlillis@soleburystrat.com
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