Can a New CEO Reshape Janus Henderson?
Posted on 12/28/2021
In November 2021, activist investor Trian Fund Management LP proposed shaking up the board at asset management firm Janus Henderson Group plc where the activist investment firm owns a 15.43% stake in the firm. Days later, Janus Henderson disclosed that (Richard Weil) Dick Weil intends to retire as Chief Executive Officer and as a member of the company’s board of directors, effective March 31, 2022. Dick Weil was the top executive at Janus Capital Group Inc. before the merger with Henderson. Dick Weil initially held a dual CEO position alongside Andrew Formica at Janus Henderson. Andrew Formica left Janus Henderson to join Jupiter in 2018.
At September 30, 2021, Janus Henderson had approximately US$419 billion in assets under management, more than 2,000 employees, and offices in 25 cities worldwide. Headquartered in London, the company is listed on the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX).
Keywords: Trian Fund Management.