Affiliated Managers CEO Sean Healey leaves post for health reasons

  • After around 13 years in the position
  • Praise for Healey
  • Nate Dalton taking over
  • Healey will remain as Executive Chairman at Affiliated Managers
  • Healey spoke at length and said 108 words

(exechange) — West Palm Beach, Florida, May 29, 2018 — This news came the day after Memorial Day. Sean Healey, chief executive of Affiliated Managers, leaves the position. It is an abrupt change. As announced by Affiliated Managers Group, Inc. in a news release and in a regulatory filing published on Tuesday, May 29, 2018, Sean M. Healey leaves his post as Chief Executive Officer at the asset management company after around 13 years in the position, effective immediately.

Healey’s duties will be taken over by Nathaniel (Nate) Dalton, most recently Chief Operating Officer of Affiliated Managers Group, Inc.

Health reasons

Healey’s sudden departure from the CEO post is explained as follows. Affiliated Managers said: “Mr. Healey has been diagnosed with amyotrophic lateral sclerosis (a motor neuron disease otherwise known as ALS, or Lou Gehrig’s disease), and will pursue treatment while continuing to play an active role in the execution of AMG’s strategy.”

Healey will remain as Executive Chairman at Affiliated Managers

“Healey becomes Executive Chairman, also effective immediately,” Affiliated Managers said.

“Succeeding”

Affiliated Managers said: “Nathaniel Dalton is succeeding Sean M. Healey as Chief Executive Officer, effective immediately, and has been appointed to the Company’s Board of Directors.”

In the position of CEO since 2005

Sean M. Healey was the Company’s Chairman and Chief Executive Officer, a role he has served in since January 1, 2005.

Prior to that time, Healey served as President and Chief Operating Officer.

Healey has been a member of the Company’s Board of Directors since May 2001.

Prior to joining the Company in 1995, Healey was a Vice President in the Mergers and Acquisitions Department at Goldman, Sachs & Co. focusing on financial institutions.

Healey holds a number of non-profit board positions, including serving as Co-Chairman of the Board of Trustees of the Peabody Essex Museum, and as a member of the Council on Foreign Relations; the Visiting Committee of the Harvard Law School; and the Board of Trustees of the International Game Fish Association.

In 2006, Healey received a presidential appointment to serve on the President’s Export Council, the nation’s principal advisory committee on international trade.

Healey received a J.D. from Harvard Law School and was an editor of the Harvard Law Review.

He received an M.A., with First-Class Honours, from University College, Dublin, and an A.B. at Harvard College, where he was elected to Phi Beta Kappa.

Push-out Score not determined

When the reason for the departure is health-related, a Push-out Score™ is not determined.

Read the full story in the exechange report 23.2018 ($).