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Financial data publisher Bankrate Inc. said Wednesday that Bruce Nelson, a vice chairman of the advertising and marketing company Omnicom Group, will join its board of directors.

The company said Nelson is an independent director and will serve on the board's audit committee, replacing Christian Stahl who will remain on the board. Nelson's term will expire at the 2012 annual meeting of shareholders, Bankrate said.

Shares of Bankrate closed up 7 cents at $15.70.

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