A top executive at Fairport, New York-based Manning & Napier
] is moving to a different industry.
| James Mikolaichik|
Hilton Worldwide Holdings
Manning chief financial officer Jim Mikolaichik
is joining Hilton Grand Vacations
as CFO in August, Hilton Worldwide Holdings
president and CEO Christopher Nassetta confirms
. Manning co-founder and board chairman William Manning confirms
that Mikolaichik will depart within the next 30 days after "working closely with management and the Board of Directors to implement an appropriate transition process, which will be announced prior to his departure."
"At this point the board has not determined the transition process," Manning spokeswoman Nicole Kingsley Brunner tells MFWire
"The firm anticipates no lapse in any of the important functions that Jim was performing, and no lapse in areas vital to the ongoing changes that the firm is making to its strategic position," William Manning states. "We wish him well and hope that he is successful in his new position."
Mikolaichik joins HGV, Hilton's timeshare arm, in advance of McLean, Virginia-based Hilton Worldwide's publicly planned
spinoff of HGV "as a separate publicly traded company," expected later this year.
Manning as CFO in September 2011, and Manning IPOed in November 2011. An alumnus of Susquehanna University and of Columbia University, Mikolaichik worked at Deloitte and then Old Mutual Asset Management before joining Manning.
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