Neustar Plans To Spin-off Into Two Independent Public Firms Over Next 12 Months

(RTTNews) - Neustar, Inc. (NSR) announced Tuesday its intention to separate into two independent and publicly traded companies. One company will consist of the majority of Neustar's Information Services, while the other will focus on providing Order Management & Numbering Services.

Neustar intends to accomplish the separation through a tax-free spin-off. Any potential separation, which will be subject to final approval by the Neustar Board of Directors, is likely to take approximately 12 months to complete.

Lisa Hook, currently President and Chief Executive Officer of Neustar, will serve as President and Chief Executive Officer of the Information Services company.

Paul Lalljie, currently Senior Vice President and Chief Financial Officer of Neustar, will serve as President and Chief Executive Officer of the Order Management & Numbering Services company.

Joel Friedman will serve as Chairman of the Board of Directors of the Information Services company and will be joined on the Board by Paul Ballew, Mark Greene, Lisa Hook and Deborah Rieman.

James Cullen will serve as Chairman of the Board of Directors of the Order Management & Numbering Services company and will be joined on the Board by Ross Ireland, Paul Lacouture, Paul Lalljie, Michael Rowny and Hellene Runtagh.

Neustar will name additional board directors and the remaining senior leadership of each company in due course.

The Order Management & Numbering Services company is expected to retain the Neustar name and brand identity.