TORONTO - TransUnion (NYSE:TRU), a global information and insights company, announced the promotion of Ashish Khattar to Chief Revenue Officer for its Canadian operations. Khattar, who has been with the company since 2016, will now be responsible for overseeing sales, customer success, and related operations in Canada.
Khattar's promotion comes as a recognition of his successful track record and extensive experience in financial services and information solutions. Having previously served as the Business Head of Financial Services for TransUnion's India business, he moved to Canada in January 2020 to take on the role of Vice President, Financial Services. In this position, he has been credited with driving growth and strategic value for Canada’s leading banks and financial institutions.
Juan Sebastian D’Achiardi, Regional President of TransUnion Canada, expressed confidence in Khattar's leadership abilities and his customer-centric approach. D’Achiardi anticipates that Khattar will continue to drive growth and deliver exceptional customer service in his new role.
Khattar's career includes senior sales positions at Citibank and Deutsche Bank (ETR:DBKGn) before joining TransUnion. He holds a Bachelor of Computer Application and a postgraduate management diploma from the Indian Institute of Planning and Management.
In his new role, Khattar aims to drive continued growth and build on the strong client relationships that TransUnion has established in Canada. He is also set to join the senior leadership team, contributing to the company’s efforts to solidify its leadership position in the Canadian market.
TransUnion prides itself on providing strategic value and innovative solutions that foster trust between businesses and consumers. The company operates in over 30 countries with more than 13,000 associates, offering a range of services that extend from core credit into marketing, fraud, risk, and advanced analytics.
This announcement is based on a press release statement from TransUnion.
InvestingPro Insights
As Ashish Khattar steps into the role of Chief Revenue Officer for TransUnion's (NYSE:TRU) Canadian operations, the company's financial health remains a key factor for investors and stakeholders alike.
TransUnion has demonstrated a commitment to growth and shareholder value, as evidenced by its track record of raising its dividend for three consecutive years—an encouraging sign for income-focused investors. This aligns with the company's strategic objectives and Khattar's vision for driving growth within the Canadian market.
InvestingPro data shows that TransUnion boasts impressive gross profit margins, with a figure standing at 60.4% for the last twelve months as of Q4 2023. This high margin is indicative of the company's strong pricing power and operational efficiency, which are critical as Khattar takes on his new responsibilities.
Moreover, with a market capitalization of $13.52 billion and a dividend yield of 0.6%, TransUnion presents itself as a sizable player with a commitment to returning value to its shareholders.
Looking ahead, the InvestingPro Tips suggest that analysts are optimistic about TransUnion's future. With net income expected to grow this year and four analysts having revised their earnings upwards for the upcoming period, there is a positive sentiment surrounding the company's earnings potential. The company is predicted to be profitable this year, which could provide a strong foundation for Khattar's initiatives in the Canadian market.
For investors seeking more comprehensive analysis and additional insights, InvestingPro offers a range of tips and metrics. There are 11 more InvestingPro Tips available for TransUnion, which can be explored in-depth for those considering an investment in the company. To take advantage of these insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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