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Wednesday, April 14, 2010|
Pozen Retires, Manning Steps Up and Anoints Possible Heirs
Bob Pozen is leaving MFS, and CEO Rob Manning will fill his shoes as chairman. That's just one of the changes the Boston-based asset manager revealed for its leadership team today, changes that seem to leave three executives vying to succeed Manning at the top one day.
"Through the appointments we are announcing today, we have established a smooth succession for the leadership of MFS," Manning stated.
"The appointments today have the full support of Sun Life Financial [MFS' Canadian parent]," added Donald Stewart, CEO of Sun Life.
All of these changes -- Manning becoming chairman, Antonelli and Beaulieu's promotions, Roberge's additional titles -- take effect on July 1 of this year, though Pozen, age 64, won't officially retire from the firm until December 31, 2011. (Manning specifically hinted that Pozen, who will become chairman emeritus on July 1, will have a "continued advisory role" with MFS.)
Printed from: MFWire.com/story.asp?s=31927
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