Neustar Names Lisa Hook New Chief Executive Officer

The appointment is the culmination of a succession plan three years in the making.

Neustar, Inc., a provider of managed authoritative DNS services, yesterday announced that its Board of Directors has elected Lisa Hook as President and Chief Executive Officer of the company. The company says that Hook currently serves as President and Chief Operating Officer and succeeds Jeffrey E. Ganek, founding CEO of the company, who will remain as Chairman of the Board. It adds that the appointment is the culmination of a succession plan three years in the making and is official on October 15, 2010.

The company states that before her appointment as Chief Executive Officer of Neustar, Hook has served as the company's President and COO. She joined the company in January 2008. Prior to joining Neustar, Hook was President and CEO of Sunrocket, Inc., a consumer VOIP company. Hook is a director of Reed Elsevier PLC, Reed Elsevier NV and Reed Elsevier Group PLC. She is also a director of The Ocean Foundation. She is a graduate of Duke University and the Dickinson School of Law.

"Three years ago, the Board and I set in motion an executive succession plan that culminates today," said Ganek. "We recruited Lisa as President and COO with the belief that she would be a strong candidate to advance to the position of CEO. This she has proved to be, and we are pleased to announce that Lisa will succeed me." Since joining Neustar in 2008, Hook has strengthened its market position and helped the company become an important partner to the content and media industries. "Her experience at AOL brought to us a powerful understanding of the internet, the needs of the IP (Internet Protocol) markets and the role Neustar can play," Ganek added.

"As President and COO, Lisa has demonstrated mastery of our business by delivering strong operating results and growth, while strengthening the management team. As an insider who knows us and our markets well, Lisa is perfectly positioned to be our next CEO and leader," continued Ganek. "This is the right moment for succession in leadership. Today, we are reaffirming our financial guidance for 2010. Prospects for future performance are bright. Now is the time to put in place the CEO who will lead us into the next phase of Neustar's growth, and Lisa is the ideal leader. The time is right for the next generation to set the direction for Neustar."

"It is an honor to become CEO of Neustar, and to follow a visionary leader like Jeff Ganek," said Hook. "I welcome this chance to work with my colleagues and the Board to lead Neustar at a moment of great opportunity. I'm grateful for having had the benefit of learning from Jeff, and I look forward to building on his legacy."

"Jeff Ganek has done an outstanding job as CEO," said James G. Cullen, Lead Independent Director, on behalf of the Board. "The Board is grateful for Jeff's vision and leadership of Neustar, and he has positioned Neustar on a clear path to continued growth and success. We look forward to working with Lisa as she assumes the leadership of Neustar."