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Rating:Cap Group Associates Mourn JL's Passing Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 18, 2011

Cap Group Associates Mourn JL's Passing

Reported by Armie Margaret Lee

Capital Group associates are mourning the passing of Jon B. Lovelace, chairman emeritus of Capital Research and Management Company and former chairman of The Capital Group of Companies. Lovelace died Wednesday after a long illness at the age of 84.

Capital Group spokesman Chuck Freadhoff told The MFWire.com that the mutual fund firm plans to set up a special e-mail box where staffers can express their condolences to the Lovelace family and share thoughts and memories.

Lovelace is survived by his wife Lillian, daughter Carey Lovelace and three sons, Jeffrey, Jim and Rob, and six grandchildren. Jim and Rob are portfolio counselors at Capital.

The company also plans to post video interviews of Lovelace on the corporate intranet. "Some associates may not have had the chance to meet him," said Freadhoff. "This will enable them to get a better understanding of him and how his views influenced the company culture."

Associates are also talking about holding a reception in the firm's downtown Los Angeles headquarters to honor Lovelace and express their condolences with the family in person. No final plans have been made for a reception.

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