Legg Mason (LM) CEO To Step Down Oct. 1
Tweet
Share
E-mail
Legg Mason, Inc. (NYSE: LM) announced that Mark R. Fetting, Chairman and Chief Executive Officer, has decided to step down effective October 1, and will remain as a consultant to the company through year end.
Lead Independent Director W. Allen Reed will become Non-Executive Chairman and Joseph A. (Joe) Sullivan, Head of Global Distribution, will become Interim Chief Executive Officer while the Board conducts a search for a permanent CEO. The Board has formed a search committee to consider both internal and external candidates and will be engaging a leading executive search firm to assist with the process.
Lead Independent Director W. Allen Reed will become Non-Executive Chairman and Joseph A. (Joe) Sullivan, Head of Global Distribution, will become Interim Chief Executive Officer while the Board conducts a search for a permanent CEO. The Board has formed a search committee to consider both internal and external candidates and will be engaging a leading executive search firm to assist with the process.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Stellantis names new CEOs for Ram and Jeep brands
- Roche names new diagnostics North America chief, effective Aug. 1
- NIQ names Irina Stoian as chief AI commercial officer
Create E-mail Alert Related Categories
Hot Mgmt Changes, Management ChangesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
