Envestnet CEO Jud Bergman dies at 62

  • He has been in the position of CEO at Envestnet for 20 years
  • Bill Crager taking over in the interim

(exechange) — Chicago, Illinois, October 4, 2019 — Jud Bergman, chief executive of Envestnet, has died. Envestnet announced his death on Thursday, October 3, 2019. Judson (Jud) Bergman has been in the role of Chief Executive Officer at Envestnet, Inc. for 20 years. He died at age 62.

Jud Bergman’s duties as CEO will be taken over in the interim by William (Bill) Crager, most recently President of Envestnet, Inc., as Interim Chief Executive Officer.

“Passed away/died”

Envestnet said: “It is with immeasurable sadness that we share the news that Judson Bergman, our Chairman and Chief Executive Officer, passed away today in San Francisco, CA in an automobile accident. Mr. Bergman’s wife, Mary Miller, also sadly perished in this tragedy. On behalf of our Board of Directors, management team and employees, we extend our deepest sympathies to Jud and Mary’s family.”

Envestnet further said: “Jud Bergman, Chairman and Chief Executive Officer of Envestnet, died in an automobile accident. Mr. Bergman’s wife, Mary Miller, also died in the accident. Envestnet would like to offer sincere condolences to the families of Mr. Bergman and Ms. Miller.”

In the position of CEO since 1999

Jud Bergman became CEO of the Company in October 1999.

Bergman is the founder of the Company and has served as the Company’s Chairman, Chief Executive Officer and a director since 1999.

Since founding the Company, he has focused on guiding the Company’s strategy and overseeing its organizational and business development.

Prior to founding the Company, Bergman was the Managing Director for Mutual Funds at Nuveen Investments, where he was responsible for the profitable growth of the firm’s mutual fund business and also served on the firm’s Investment Management Committee.

He also directed Nuveen’s product and corporate development activity, where he helped build the firm’s closed-end fund business, led the development and growth of Nuveen’s separately managed accounts business and helped guide the firm’s expansion into asset classes beyond municipal investments.

Bergman received his MBA in finance and accounting from Columbia University and received an undergraduate degree from Wheaton College.

Push-out Score not determined

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

Read the full story in the exechange report 40.2019 ($).