Vanguard CEO Buckley to retire by year-end

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February 29, 2024 4:45 PM EST

The logo for Vanguard is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 1, 2022. REUTERS/Brendan McDermid/File Photo

(Reuters) - U.S. fund giant Vanguard Group said on Thursday Tim Buckley would retire as CEO and chairman by this year end.

The firm said it has initiated a "comprehensive process" to select a new CEO, evaluating both internal and external candidates.

Buckley had joined Vanguard in 1991 and was appointed CEO in 2018.

The company said Chief Investment Officer Greg Davis has been appointed to the additional role of president, effective immediately.

(Reporting by Sourasis Bose in Bengaluru; Editing by Shilpi Majumdar)


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