Morningstar Inc. announced that Gail Landis has been elected to serve on its board of directors. Landis was one of four founding partners of Evercore Asset Management, LLC. At Evercore, she was responsible for all business development, client service, and marketing. Before joining Evercore, Landis was head of Americas distribution for Credit Suisse Asset Management, leading an 80-person team in both the institutional and retail businesses. She also held positions at Sanford C. Bernstein & Co. Inc. and its successor company, AllianceBernstein, as an equity analyst and senior portfolio manager before establishing the company's consultant relations department.

Morningstar Inc. declared a quarterly dividend of 12.5 cents per share. The dividend is payable July 31, 2013 to shareholders of record as of July 12, 2013.

Morningstar Inc. announced that Daniel Needham, CFA, has been appointed global chief investment officer for Morningstar Investment Management and managing director for Morningstar Investment Management Europe. Needham will also chair Morningstar Investment Management's Global Investment Policy Committee, which oversees all global investment capabilities, committees, and processes. Needham previously served as managing director and chief investment officer for Morningstar Investment Management's Asia-Pacific operations, including Ibbotson Associates Australia, leading the firm's research, asset allocation, and portfolio management capabilities. Needham will continue to lead this area until the company appoints a new chief investment officer, Asia-Pacific. He will relocate to the United Kingdom from Australia later this year and will divide his time among London, Chicago, and Sydney.