- Janus Henderson (NYSE:JHG) sinks 7.9% in premarket trading after naming Dick Wells as sole CEO, and announcing that Andrew Formica resigned as co-CEO and from the board.
- The company will take a severance charge of about $12M in Q3.
- Global head of distribution, Phil Wagstaff, is also leaving the company.
- The management moves may be have occurred sooner than investors expected and may "add further uncertainty," Goldman Sachs analyst Alexander Blostein wrote in a note, Bloomberg reports.
- Source: Press Release
- Previously: Janus Henderson misses by $0.01, misses on revenue (July 31)
Janus Henderson dives premarket as co-CEO Formica leaves
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Symbol | Last Price | % Chg |
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