Skip to Content
Fund Times

Vanguard Gets a New Chairman

Plus more Putnam cuts, Gundlach fallout, and active T. Rowe Price ETFs.

Mentioned: , , , , , , , , ,

Vanguard president and CEO F. William McNabb III will succeed chairman and former CEO John J. Brennan of the $1.3 trillion fund family on Jan. 1, 2010.

The change comes a little more than a year after McNabb formally took over the CEO post from Brennan and is the final step in a transition plan announced in February 2008, said company spokeswoman Amy Chain.

Courtney Goethals Dobrow does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.