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Caroline Tsay Elected to Morningstar’s Board of Directors

CHICAGO, May 12, 2017 – Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced that Caroline Tsay, chief executive officer of Compute Software Inc., has been elected to Morningstar’s board of directors as its 10th member.

Prior to Tsay’s top leadership position at Compute Software Inc., an enterprise cloud infrastructure software company, she was vice president and general manager of the online channel division at Hewlett Packard Enterprise Company from 2013 to 2016. Additionally, Tsay previously held several product leadership positions at Yahoo! Inc. across its consumer search, e-commerce, and advertising businesses.

“Caroline’s breadth of expertise in the information technology industry, combined with her significant leadership and management experience, will guide Morningstar as we continue to broaden our technology capabilities to best help investors reach their financial goals,” Joe Mansueto, executive chairman of Morningstar, said.

Tsay, 35, is nationally renowned as a technology influencer and advisor, and was recognized among the Top 50 Most Powerful Women in Technology by the National Diversity Council. She currently serves on the board of directors at Rosetta Stone Inc. and holds a bachelor’s degree in computer science and a master’s degree in management science and engineering, both from Stanford University.

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $200 billion in assets under advisement and management as of March 31, 2017. The company has operations in 27 countries.

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