Morgan Stanley CEO James Gorman to Step Down Within a Year
TL;DR Summary
Morgan Stanley CEO James Gorman plans to step down within a year but stay on as executive chairman, drawing to a close 13 years in the role during which he built the Wall Street firm into a wealth management powerhouse. Gorman told shareholders on Friday the bank's board has identified three strong candidates to succeed him, without naming them, and that he will become executive chairman once a new CEO is chosen. Morgan Stanley co-presidents Ted Pick and Andy Saperstein, and head of investment management Dan Simkowitz, are widely seen as contenders for the top job.
- Morgan Stanley CEO Gorman to hand reins to successor within a year Reuters
- Morgan Stanley CEO plans to step down within the year, sparking Wall Street succession race CNBC
- Morgan Stanley Chief James Gorman Stepping Down in the Next Year The Wall Street Journal
- Gorman's Humble Steps Made Morgan Stanley Great Bloomberg
- Morgan Stanley CEO Gorman to step down within 12 months, assume executive chairman role CNBC Television
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