Vanguard CEO McNabb to step down

In the Margins

Vanguard CEO McNabb to step down

July 14, 2017

By The New York Times

Vanguard Group said Thursday its CEO, Bill McNabb, will step down. He will be succeeded by CIO Tim Buckley but will remain chairman of the board. The change will become effective on Jan. 1, 2018. Read the original story from The New York Times.

Most Read

CCO Insight
CCOs see bigger pay bump in 2017

Mutual fund chief compliance officers received significant bumps in pay in 2017, according to new data from Management Practice Inc. On average, fund CCO compensation packages ...

A Seat at the Table
Putnam's Baxter reflects on 50 years in financial services

When Jamie Baxter retires from the Putnam Funds board at the end of this month, it will mark the culmination of more than 50 years of ...

A Seat at the Table
Diamond Hill Funds board takes unique approach to governance

The board overseeing Diamond Hill Funds has implemented a series of governance policies that set it apart from many other boards in the mutual fund space ...

Top of the Agenda - Compensation
MPI: Smaller '17 pay increase for directors could be 'normalization'

The rate of increase in pay for independent mutual fund directors was lower again in 2017, continuing a years-long trend that may indicate a normalization of ...