Summary
Affiliated Managers Group, Inc. (AMG) announced a significant leadership transition effective December 31, 2022. David M. Billings, the long-serving General Counsel, has given notice of his retirement from that role. While stepping down as General Counsel, Mr. Billings will continue to support the company in a new capacity as Senior Advisor, ensuring continuity and leveraging his extensive experience. This change marks the end of Mr. Billings' tenure as General Counsel, during which he played a key role in the company's development. The CEO, Jay C. Horgen, expressed gratitude for Mr. Billings' contributions and highlighted his dedication to the company and its shareholders. Investors should view this as a planned succession, with the company aiming to maintain stability through Mr. Billings' continued advisory role.
Key Highlights
- 1David M. Billings is retiring as General Counsel of AMG, effective December 31, 2022.
- 2Mr. Billings will remain with AMG in the role of Senior Advisor.
- 3The departure as General Counsel is a planned transition.
- 4CEO Jay C. Horgen expressed gratitude for Mr. Billings' past contributions.
- 5The company emphasizes Mr. Billings' service to the organization and shareholders.
- 6The role change is expected to ensure continuity and knowledge transfer.