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Janus CEO Bailey Steps Down

No changes planned for any of the funds.

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Janus announced Wednesday that Chief Executive Tom Bailey is stepping down as of July 1.

Bailey, who founded Janus in 1969, will remain as chairman of the firm's board of trustees. A successor has not yet been named, and Janus spokesperson Shelley Peterson said that no firm time line has been set for choosing one.

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