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DST Systems, Inc.
DST
announced today that Michael G. Fitt, who has served as a member of the
Company's Board of Directors since 1995 and has served as the Board's Lead
Independent Director since 2004, is retiring from the Board, effective
December 15, 2011. Mr. Fitt is looking forward to enjoying his retirement.
"On behalf of the Board and the Company, I thank Mike for his 16 years of
distinguished service to DST and his tireless efforts to help position the
Company for success," said Thomas A. McDonnell, Chief Executive Officer of
DST. "Mike has long been a valued member of the Board, and we wish him only
the best in his retirement."
In connection with Mr. Fitt's retirement, Robert T. Jackson, 65, will become
the new Lead Independent Director for the Board. Mr. Jackson has served as a
member of the Board since 2007. He is the former principal financial officer
and an administrative officer of American Century Investments, an investment
management company. Prior to joining American Century, Mr. Jackson held
various leadership positions in Kemper Corporation, a financial services
company.
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