The message on the SEC Filing
was short, and to the point.
Effective December 31, 2013, Charles W. Baldiswieler has resigned as Director, President and Chief Executive Officer of the Corporation.
As of January 1, 2014, all references to Charles W. Baldiswieler will be deleted.
The 55-year-old Charles Baldiswieler
had been named president and chief executive of TCW Funds
in December 2009
. He had replaced Ron Redell
, who had left TCW
to join Jeff Gundlach
at DoubleLine Capital
During Baldiswieler's tenure, TCW hit a number of milestones, including the acquisition Metropolitan West Asset Management
, and the launching of a number of funds.
Then in a torturous long-delayed deal, TCW
itself was then acquired by private equity firm Carlyle Group
. The deal was closed in February.
During the rest of the year, TCW had witnessed a number of C-level departures.
, head of communications, departed in March
, while executive vice president Mark Gibello departed in April
. Then chief risk officer Joseph Burschinger left in October
. Burschinger was reportedly part of a group known as Project G
, consisting of seven TCW executives who sat on a committee to fire Gundlach from TCW.
on Baldiswieler's departure doesn't name a successor. Requests for comment with TCW spokespeople have yet to receive a response.
Stay ahead of the news ... Sign up for our email alerts now