Black resigns as Janus Capital CEO
Gary Black resigned as CEO of Janus Capital Group, the company announced today.
Gary Black resigned as CEO of Janus Capital Group, the company announced today.
Tim Armour, a Janus director, was named to replace Mr. Black on an interim basis, according to a news release from Janus.
“After much consideration, Gary and the board have come to the mutual decision that the time is right to bring new leadership to Janus,” Steve Scheid, chairman of the Janus Capital Group board of directors, said in the release.
“The firm is in a much stronger place than when I joined, and the time is right for a change,” Mr. Black said in the release.
Mr. Armour joined the Janus Capital Group board in March 2008 and served on its strategic planning committee. He will assume day-to-day management of the company and assist the board with the recruitment of a permanent successor to Mr. Black, according to the release.
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