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

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

Rating:Cunningham Retires From Manning Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 20, 2016

Cunningham Retires From Manning

Reported by Neil Anderson, Managing Editor

The CEO of Manning & Napier [profile] is retiring.

Patrick Cunningham
Manning & Napier
Chief Executive Officer
This morning company chairman Bill Manning, age 79, confirms that Patrick Cunningham, 60, stepped down as CEO on Monday. Manning himself, who co-founded the company in 1970, is taking over as CEO.

Cunningham will stay on with the publicly-traded, Fairport, New York-based mutual fund shop for three months "in an advisory capacity," the company confirms.

Manning has also just created a five-person operating committee that will report to him "and hold responsibility for the functions of the office of the CEO," per the company's statement. The committee members are: Ebrahim Busheri, director of investments, age 50; Jeffrey Coons, president, 52; James Mikolaichik, chief financial officer, 44; Charles Stamey, executive vice president and managing director of sales, 55; and Richard Yates, chief legal officer, 50.

The company says that, after nearly 24 years with the company and six years at the helm, Cunningham is leaving "due to personal reasons unassociated with his role at Manning & Napier."

Manning praises Cunningham as "a valued and trusted leader."

"The Board of Directors is grateful for his years of dedicated service and friendship," Manning states. "Patrick will be missed, but we wish him well in retirement."

Cunningham is an alumnus of MIT.

Check back for more updates as this story develops. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q1
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:
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