Lazard names Peter Orszag Chairman, Ken Jacobs Senior Chairman, Dan Schulman Lead Director

Lazard, Inc.

Peter Orszag appointed Chairman of the Board effective Jan 1, 2025; continues as CEO.
Ken Jacobs becomes Senior Chairman, relinquishes board seat Dec 31, 2024; receives $11.1M/yr guaranteed for 2025-2026.
Dan Schulman named Lead Independent Director succeeding Richard Parsons, who remains on board.
Jacobs may transition to consultant from Jan 1, 2026 for one year, then at-will from Apr 1, 2027.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Peter R. Orszag

Chairman of the Board

LAZ · Lazard, Inc.

Effective: 2025-01-01
Filed: November 25, 2024, 6:59 PM ET

On November 25, 2024, Lazard, Inc. (the “Company”) announced that Mr. Peter R. Orszag has been appointed Chairman of the Board of Directors (“Board”) of the Company, effective January 1, 2025.

Role change

Dan Schulman

Lead Independent Director

LAZ · Lazard, Inc.

Effective: 2025-01-01
Filed: November 25, 2024, 6:59 PM ET

the Company’s independent directors appointed Mr. Dan Schulman to succeed Mr. Richard D. Parsons, who remains on the Board, as Lead Independent Director of the Company, effective January 1, 2025.

Role change

Kenneth M. Jacobs

Senior Chairman of the Company

LAZ · Lazard, Inc.

Effective: 2024-12-31
Filed: November 25, 2024, 6:59 PM ET

Mr. Kenneth M. Jacobs will relinquish his board seat and serve as Senior Chairman of the Company and Senior Advisor to the Board (collectively, “Senior Chairman of the Company”), effective December 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter R. Orszag was appointed as Chairman of the Board at Lazard, Inc..

Action: appointed
Role: Chairman of the Board

Exact text from the filing

On November 25, 2024, Lazard, Inc. (the “Company”) announced that Mr. Peter R. Orszag has been appointed Chairman of the Board of Directors (“Board”) of the Company, effective January 1, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dan Schulman was appointed as Lead Independent Director at Lazard, Inc..

Action: appointed
Role: Lead Independent Director

Exact text from the filing

the Company’s independent directors appointed Mr. Dan Schulman to succeed Mr. Richard D. Parsons, who remains on the Board, as Lead Independent Director of the Company, effective January 1, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kenneth M. Jacobs was appointed as Senior Chairman of the Company at Lazard, Inc..

Action: appointed
Role: Senior Chairman of the Company

Exact text from the filing

Mr. Kenneth M. Jacobs will relinquish his board seat and serve as Senior Chairman of the Company and Senior Advisor to the Board (collectively, “Senior Chairman of the Company”), effective December 31, 2024.

View on SEC.gov

Lazard, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-049080

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