leadership
confidence high
sentiment neutral
materiality 0.75
Moelis announces CEO succession: Ken Moelis to Executive Chairman, Navid Mahmoodzadegan to CEO effective Oct 1
Moelis & Co
- Ken Moelis becomes Executive Chairman; Navid Mahmoodzadegan appointed CEO and board member; Jeff Raich named Executive Vice Chairman.
- Mahmoodzadegan receives one-time grant of 450,000 Performance Units with vesting tied to share price targets ($86, $115, $144) and 3-5 year time vesting.
- Transition is result of long-term planning; Moelis remains actively involved as Executive Chairman advising clients.
- Raich continues to lead key business areas as Executive Vice Chairman.
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