GMI’s CEO departs less than a year after merger

Executive Chairman steps in as interim CEO.

Jack Zwingli, Chief Executive Officer at GMI, the New York-based corporate governance and ESG research house, has left the company less than a year after his former firm Audit Integrity was merged into the GMI business. Zwingli, former CEO at Audit Integrity, the corporate accounting specialist, oversaw the merger between GovernanceMetrics International and Audit Integrity to form GMI in December 2010 and was on the board at the firm. A statement by the company did not disclose the reason for Zwingli’s departure. Zwingli formerly spent 10 years with Standard & Poor’s, most recently serving as Executive Managing Director of Investment Services. Richard Bennett, GMI’s Executive Chairman, has been appointed interim CEO of the company. Bennett was President and CEO of The Corporate Library from 2006 to 2010 before it merged itself with Governance Metrics last year to formGovernance Metrics International, prior to the subsequent Audit Integrity deal. Howard Sherman, Executive Director at GMI, said: “Jack managed a very successful integration and helped organize the company under a single name – GMI. He formed a top-rate management team, which led to the roll out of our new GMI Analyst platform. The entire GMI team looks forward to building on these initiatives, and we of course wish Jack all the best in the future.” GMI has offices in New York City, Portland, Maine, and Southern California and more than 300 clients including pension funds, regulators, insurers and auditors. Its board comprises Bennett, governance pioneers Nell Minow and Bob Monks, entrepreneur James Kaplan, The Corporate Library co-founder Ric Marshall, GMI co-founders Howard Sherman and Gavin Anderson, and risk analytics expert Laurie Adami.