Industry leader Art Nielsen passes away at 92

NEW YORK — Global information services company Nielsen announced the passing of one of its former executives.

Arthur C. "Art" Nielsen, Jr., 92, helped Nielsen create such innovations as consumer and performance surveys, market share, department and food index and television ratings, during his tenure as chairman and president. Nielsen's father, Arthur C. Nielsen, founded the company in 1923. Nielsen, Jr., joined the company in 1945 and retired in 1983, according to the New York Times.

"Nielsen expresses its profound appreciation and gratitude for Art's leadership and his legacy, which we proudly continue," the company said in a statement. "The thoughts and prayers of our 34,000 associates in more than 100 global markets are with the Nielsen family at this time."