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

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

Rating:McNabb Set to Sail into Vanguard CEO Spot  Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, August 1, 2008

McNabb Set to Sail into Vanguard CEO Spot

Reported by Erin Kello

The date is set for Bill McNabb to succeed John Brennan. The transition date will be August 31. As announced in February, Brennan will stay on as chairman of the Vanguard board and the Vanguard funds; in addition, the company says Brennan will still be involved in strategic business and fund management issues.




Company Press Release

VALLEY FORGE, PA, August 1, 2008 – The Board of Directors of The Vanguard Group has elected F. William McNabb III as Chief Executive Officer of Vanguard, effective August 31. Under the transition plan announced in February, Mr. McNabb will succeed John J. Brennan, who has served as Vanguard CEO since 1996.

Mr. McNabb, 51, joined Vanguard in June 1986 and has held various senior leadership positions during his 22-year career, including directing Vanguard’s Retail and Institutional divisions. He will assume day-to-day responsibilities for all aspects of Vanguard’s operations.

Mr. Brennan, 54, will remain as Chairman of the Vanguard Board and the Vanguard funds, and will continue to be involved in strategic business and fund management issues.

About Vanguard

Vanguard, headquartered in Valley Forge, Pennsylvania, is one of the world’s largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages nearly $1.25 trillion in U.S. mutual fund assets, including more than $360 billion in employer-sponsored retirement plans. Vanguard offers more than 150 funds to U.S. investors and more than 50 additional funds in non-U.S. markets.

All asset figures are as of July 31, 2008, unless otherwise noted.

For more information, visit www.vanguard.com, or call 800-662-7447 to obtain a fund prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.

Vanguard Marketing Corporation, Distributor.
 

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: Q2Q1
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