FactSet president Snow replaces Hadley as CEO

• FactSet (FDS -0.8%) notes in an 8-K filing that CEO Philip Hadley has stepped down from that post to become chairman of the board.
• Hadley has been replaced by Philip Snow, who's been the company's president since last July 1, and joined FactSet as a consultant in 1996.
• As part of his CEO appointment, Snow receives 120,000 stock options that vest 11.11% each year of employment.