Summary
Ares Management Corporation (ARES) announced a significant addition to its Board of Directors, appointing Ashish Bhutani as a Class II director, effective January 1, 2023. Mr. Bhutani's appointment fills a vacancy and brings a wealth of experience from his extensive career in asset management, most notably as the former Chairman of Lazard Asset Management (LAM) and Vice Chairman of Lazard Ltd. His background includes leadership roles with substantial assets under management, spanning both traditional and alternative investment strategies. Mr. Bhutani is deemed independent under NYSE and SEC standards and has been appointed to the Board's Conflicts Committee. His expertise is expected to be a valuable asset to the company's governance and strategic direction. The filing also includes a press release detailing this appointment, furnished as an exhibit.
Key Highlights
- 1Ashish Bhutani appointed as a Class II director to the Board, effective January 1, 2023.
- 2Mr. Bhutani brings extensive experience as former Chairman of Lazard Asset Management and Vice Chairman of Lazard Ltd.
- 3His appointment fills a vacancy on the Board of Directors.
- 4The Board has determined Mr. Bhutani meets independence requirements.
- 5He has been appointed to the Conflicts Committee of the Board.
- 6Mr. Bhutani's prior roles involved significant assets under management across various investment strategies.
- 7The appointment is accompanied by a press release furnished as an exhibit to the 8-K filing.