OMAM Announces CEO Succession Process
29 Giugno 2017 - 10:07PM
Business Wire
OM Asset Management plc (NYSE: OMAM) announced today that
effective June 30, 2017, Peter Bain is stepping down from his roles
as president, chief executive officer and director, positions he
has held since 2011. James J. Ritchie, chairman of the OMAM Board
of Directors, will serve as executive chairman and interim CEO
while the Board conducts a thorough search for the company’s next
CEO.
“Peter has successfully accomplished his mission. He has
delivered on his mandates to reshape the business, develop the
leadership team, and achieve the company’s listing on the New York
Stock Exchange, which has enabled Old Mutual plc to substantially
achieve its stated objective of exiting its ownership of the
business,” said Mr. Ritchie. “Our business is now at a positive
inflection point with great momentum, and the Board and Peter
believe it is the right time to position the company for its next
stage of sustained growth.”
“I am very proud of what we’ve achieved over the last six
years,” said Mr. Bain. “We restructured the business to focus on
Affiliates with high growth potential, became a public company,
completed a successful new Affiliate acquisition and executed the
sell-down process for Old Mutual plc. I am happy to hand over the
business in good shape and want to thank my team for their
dedication and support in our drive to create a great company.”
“On behalf of the Board, I thank Peter for everything that he
has accomplished at OMAM,” said Mr. Ritchie. “We will be building
on the solid foundation laid for the business during Peter’s
tenure. This succession process comes at a time of strength for the
company. Now that Old Mutual plc has substantially exited its
position in the company, we will find the right person to best lead
the business through its next phase of long-term growth. The
end goal remains the same: a scale, diversified and profitable
multi-boutique asset management firm with significant earnings
growth that delivers substantial value to our shareholders.”
About OMAM
OMAM is a global, multi-boutique asset management company with
$249.7 billion of assets under management as of March 31, 2017.
Affiliates offer leading, alpha generating investment products to
investors around the world. OMAM’s partnership approach, which
includes equity ownership at the Affiliate level and a profit
sharing relationship between OMAM and its Affiliates, aligns the
interests of the Company and its Affiliates to work collaboratively
in accelerating their growth. OMAM’s business model combines the
investment talent, entrepreneurialism, focus and creativity of
leading asset management boutiques with the resources and
capabilities of a larger firm. For more information about OMAM,
please visit the Company’s website at www.omam.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170629006266/en/
OMAMBrett Perryman, 617-369-7300ir@omam.com
Grafico Azioni OM ASSET MANAGEMENT PLC (NYSE:OMAM)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni OM ASSET MANAGEMENT PLC (NYSE:OMAM)
Storico
Da Giu 2023 a Giu 2024