will step down as co-CEO of Dimensional Fund Advisors
] at the end of 2013 and and his co-CEO Eduardo Repetto
will become the sole leader of the firm, according to a letter to clients, a copy of which was obtained by The MFWire.com
. Booth will remain chairman.
| Dimensional co-CEOs Eduardo Repetto and David Booth |
In a letter dated December 9, Booth told clients that the company has put together a plan "to make Eduardo the CEO of Dimensional in
"I will step down as Co-CEO at the end of 2013 and will continue as Chairman. Beyond 2013, my focus will shift to special projects and long-term opportunities," Booth wrote in a the letter posted on Dimensional's client Web site
on December 13.
Repetto became co-CEO
of the index-based mutual fund firm alongside Booth in January of this year.
Armie Margaret Lee
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