Tags: legg | mason

Legg Mason Taps CEO Fetting as Next Chairman

Tuesday, 09 Dec 2008 04:06 PM

BALTIMORE - Asset manager Legg Mason Inc. said Monday it tapped its chief executive as its next chairman under its succession plan.

Mark Fetting, president, chief executive and a director, will succeed Legg Mason co-founder Raymond A. Mason, who has served in a non-executive capacity since Fetting's appointment as chief executive in January.

Mason will continue to serve as a senior adviser after his departure, the company said.

Legg Mason shares ended trading up $1.41, or 7.9 percent, at $19.32.

© 2015 Newsmax. All rights reserved.

1Like our page

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved