- Push-out Score determined
- After 12 years in the position
- Praise, thanks and good wishes for Weil
- Search for a successor
- Weil spoke at length and said 152 words
(exechange) — London, United Kingdom, November 18, 2021 — Dick Weil, chief executive of Janus Henderson, leaves. As announced by Janus Henderson Group Plc in a news release and in a regulatory filing published on Thursday, November 18, 2021, Richard M. (Dick) Weil leaves his post as chief executive officer at the asset manager, after 12 years in the role, effective March 31, 2022.
Janus Henderson will undertake a search for a successor.
“Now is the right time”
Dick Weil’s departure from the CEO post is explained as follows. Weil said: “With the Company operating from a position of strength, I believe that now is the right time to begin the search for a new CEO who will continue the journey of growth that the firm is on.”
Precise information regarding Dick Weil’s future plans was not immediately available.
“Retire”
Janus Henderson said: “Dick Weil intends to retire as Chief Executive Officer and as a member of the Company’s Board of Directors, effective 31 March 2022.”
Janus Henderson further said: “On November 18, 2021, Richard M. Weil, Chief Executive Officer of Janus Henderson Group plc (“Janus Henderson”), notified Janus Henderson of his intention to retire as Chief Executive Officer and a member of the Board of Janus Henderson, effective as of March 31, 2022.”
Share price increase since November 2018
The announcement follows an increase in Janus Henderson Group Plc’s share price of 90% since November 2018.
In the position of CEO since 2010
Dick Weil became CEO of the Company in 2010.
To ensure a seamless transition, Weil will remain in his role until March 2022 and assist Janus Henderson with an orderly transfer of responsibilities, serving as an adviser to the Company through 30 June 2022.
Since August 2018, Weil has served as the Company’s CEO and as a member of the Board.
In his role, he leads the Company’s executive committee and is responsible for the strategic direction and overall day-to-day management of JHG.
Previously, he was Co-CEO of JHG following the merger of Janus Capital Group and Henderson Global Investors in May 2017.
Prior to the merger, Weil was CEO of Janus Capital Group, a position he had held since 2010.
Before joining Janus Capital Group, he spent 15 years in a variety of senior executive roles with PIMCO, including Global Head of PIMCO Advisory, a member of PIMCO’s executive committee and a member of the board of trustees of the PIMCO Funds.
Weil also served as Chief Operating Officer of PIMCO for 10 years, where he successfully led the development of PIMCO’s global business and founded its German operations, and as General Counsel to PIMCO Advisors L.P.
Before joining PIMCO in 1996, Weil was with Bankers Trust Global Asset Management and Simpson Thacher & Bartlett LLP in New York.
Weil received his BA in economics from Duke University and his JD from the University of Chicago Law School.
He has over 24 years of financial industry experience.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Dick Weil’s move on a scale of 0 to 10.
exechange reached out to Janus Henderson and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 47.2021 ($).