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Rating:Artisan Makes a Change at the Top Not Rated 3.0 Email Routing List Email & Route  Print Print
Tuesday, January 19, 2010

Artisan Makes a Change at the Top

Reported by Sean Hanna, Editor in Chief

Eric Colson has taken the reins at Artisan Partners. Colson, the firm's COO for investment operations, took over as CEO from Andy Ziegler, who now serves as executive chairman.

Ziegler, who founded Artisan in 1994 with his wife Carlene, informed Artisan clients of the CEO change in a letter on December 31 (see the full letter below). Yet, in an SEC filing made on January 13, Ziegler remained listed as the company's president and CEO. And, in a press release issued the same day regarding Artisan's plans to launch a new global equity strategy, Colson was quoted as the firm's CEO.

Colson joined Artisan as managing director in early 2005 from Callan Associates, where he served as manager of the institutional consulting group.


Dear Clients:
Since we founded Artisan Partners in 1994, I have been committed to the development of a high quality investment firm that our clients could feel confident about investing with over the long-term. An important part of that commitment has been the development of a deep, talented management team.

I am pleased to inform you that as part of an ongoing transition of responsibilities at our firm, I will assume the title of Executive Chairman. Eric Colson, who has been our Chief Operating Officer for Investment Operations, will become Chief Executive Officer.

As Executive Chairman, I will continue to be an active member of our management team. In this role my efforts will largely be focused on decisions that impact our strategic direction. As CEO, Eric will assume responsibility for the day-to-day management of the firm. We will continue to collaborate on the important issues facing Artisan Partners, as we have for the past several years.

Eric joined Artisan Partners in 2005 and has worked closely with me on investment team development and investment process oversight. Over the years he has created significant value for the firm and our clients. He understands our business thoroughly and I am confident he will do a terrific job as CEO. I look forward to working with him in that capacity on your behalf.

Sincerely,
Andrew A. Ziegler
Founding Partner,
Executive Chairman  

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