Morgan Stanley Announces Ted Pick to Become Chairman on January 1, 2025
Morgan Stanley (MS)
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Source: Business Wire
CEO Ted Pick was Elected by Board to Additional Position of Chairman in 2025; James Gorman to Step Down as Chairman and Retire from Firm at Year End NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today announced that Chief Executive Officer Edward (Ted) Pick was elected by the Board of Directors to the additional position of Chairman, effective January 1, 2025.James Gorman will step down as Chairman and leave the Board as expected at the end of 2024. Mr. Gorman will also retire from employment at Morgan Stanley and be named Chairman Emeritus at that time.CEO and Chairman-elect Ted Pick said, “Under James’ extraordinary leadership over the past 15 years, Morgan Stanley has become a world-class global financial institution with a long-term sustainable business model. He has transformed our institution and given it a winning strategy and culture. I would like to thank him for his dedication to our Firm and the guidance and counsel he has personally provided me over the years. I
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