Michael D. Bills has joined Tom Bailey in departing from the Janus board. Bills resigned from the board as of May 2, saying there is much work to be done at his own business.
Janus Capital Group Inc. (NYSE: JNS) today announced the resignation of Michael
D. Bills from its board of directors effective May 2, 2007.
"I have enjoyed working with the board during the last three years and I am proud of the
progress we've made,” said Bills. “However, the demands and opportunities of my business do
not allow me the necessary time to continue to serve as a director. I'm confident that Janus is in
excellent hands and believe it's well positioned for continued success.”
Steve Scheid, Chairman of the Janus board, said, "Michael has added great value and he will be
missed by the board and management alike."
Also, as required by New York Stock Exchange rules, Janus today reported two restricted stock
awards made May 4, 2007 to Andrew Iseman. Iseman joined Janus February 26, 2007, and
became Chief Operating Officer of Janus Capital Group Inc. May 1, 2007. The first award
consists of 19,418 shares of restricted stock that will have a two-year vesting schedule with the
first vesting event occurring February 1, 2008. The second award consists of 25,554 shares of
restricted stock that will have a three-year vesting schedule with the first vesting event occurring
February 1, 2008.
In accordance with NYSE Rule 303A.08, the restricted stock grant requires a public
announcement of the award and written notice to the NYSE.
About Janus Capital Group Inc.
Founded in 1969, Denver-based Janus Capital Group Inc. (Janus) is a recognized leader of
growth and risk-managed investment strategies. Our commitment to deliver for investors is
rooted in our research-intensive approach and relentless passion to gain a competitive edge.
At the end of March 2007, Janus managed approximately $176.2 billion in assets for more than
four million shareholders, clients and institutions around the world. Outside the U.S., Janus has
offices in London, Tokyo and Hong Kong. Janus Capital Group consists of Janus Capital
Management LLC, Enhanced Investment Technologies, LLC (INTECH), and Capital Group
Partners, Inc. (doing business as Rapid Solutions Group). In addition, Janus Capital Group owns
30% of Perkins, Wolf, McDonnell and Company, LLC.
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