Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Waddell's Herrmann Passes His Final Hat Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 28, 2017

Waddell's Herrmann Passes His Final Hat

News summary by MFWire's editors

After 46 years with Waddell & Reed Financial [profile], chairman Henry Herrmann is saying goodbye in the spring.

Yesterday after the market closed, CEO and chief investment officer Phil Sanders, 57, confirmed that Herrmann, 75, will retire from the Overland Park, Kansas-based broker-dealer and asset manager's board of directors when Waddell holds its annual stockholders meeting in April. Eight-year independent director Tom Godlasky will take Herrmann's place as chairman.

The Kansas City Business Journal covered the news.

Word of Herrmann's impending retirement comes less than a week after Sanders confirmed the departure of executive vice president and chief marketing officer Tom Butch, who also serves as president of Ivy Distributors, Inc. [profile] (Waddell's mutual fund distribution arm) and as president of Waddell & Reed, Inc. (Waddell's B-D subsidiary). Nikki Newton succeeds Butch atop IDI, while Shawn Mihal takes over WRI.

Herrmann rose to CEO in 2005, and he became chairman in 2010. Last year he passed the CEO job to Sanders. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use