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Tuesday, January 29, 2013

Legg Mason Board Could Pick CEO Today

News summary by MFWire's editors

Speculation continues to percolate about the future of Legg Mason [profile], with reports now saying that interim CEO and sales chief Steve Sullivan is seen some as likely to get the job full time, according to Reuters reporter Jessica Toonkel.

It is believed Sullivan is one of four final candidates, the story notes.

Toonkel notes that the board is expected to meet today and could decide on a replacement for Mark Fetting, who left the firm in September.

Legg Mason spokeswoman Mary Athridge did not comment for the Reuters story.

Recruiting firm Korn Ferry has been conducting the search.

For more details on the search and on the recent woes of the Baltimore-based firm, check out the original article.  

Edited by: Ben Geier

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