In conjunction with its earnings release filed this morning, Janus Capital Group (NYSE: JNS disclosed in an 8-K that Steven Scheid will retire as Chairman at the end of his term in Apr-12. This will be the company's sixth director departure since 2007.
Scheid (age 58) has served as Chairman since Jan-04 and as a director since Dec-02. He also previously served as CEO from Apr-04 to Jan-06. In addition to being the sixth director to depart since 2007, Scheid will be the fourth person under the age of 60 to exit the board in that time. Glen Schafer (age 62) has been appointed to succeed Scheid as Chairman. He has been a director since Dec-07 as well as Chairman of the audit committee since May-08.