McNabb to succeed Brennan as Vanguard chairman on Jan. 1

The Vanguard Group Inc., the retirement plan provider and investment manager, says CEO F. William McNabb III will take on the role of board chairman in January.
OCT 09, 2009
The Vanguard Group Inc., the retirement plan provider and investment manager, says CEO F. William McNabb III will take on the role of board chairman in January. McNabb, 52, succeeds John J. Brennan, who was CEO from 1996 to August 2008 when McNabb stepped into the role as part of a transition plan announced earlier that year. The change in chairman is also part of that plan, says spokeswoman Linda Wolohan. Mr. Brennan, 55, has been chairman since January 1998. His plans were uncertain and he'll likely continue to offer guidance to members of the management team, but is relinquishing his formal duties as chairman, Ms. Wolohan says.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound