COLUMBUS, Ohio, Feb. 22, 2019 /PRNewswire/ -- The Board of
Directors of Diamond Hill Investment Group, Inc. (NASDAQ: DHIL)
appointed Christopher M. Bingaman,
Paula R. Meyer, and Nicole R. St. Pierre to serve as
directors. Ms. Meyer and Ms. St. Pierre are independent
directors and will serve on Diamond
Hill's Audit Committee, Compensation Committee, and
Nominating and Governance Committee. Mr. Bingaman currently
serves as Diamond Hill's President
and Chief Executive Officer.
Mr. Bingaman, CFA has served as President and CEO of Diamond
Hill since 2014 and 2016, respectively, and as a portfolio manager
with Diamond Hill since 2001.
Ms. Meyer has worked in a variety of roles within the investment
management industry most recently serving as President of
RiverSource Funds, the proprietary fund complex of Ameriprise
Financial, Inc. from 1998 to 2006. She currently serves as an
independent director for Mutual of Omaha and First Command Financial Services.
Ms. St. Pierre worked at J.P. Morgan from 1994 to 2018
serving in a variety of roles within the Asset Management group,
most recently as Managing Director; Head of Client Services and
Business Platform & Americas Regional Lead.
Ric Dillon To Retire as Chairman of the Board
Ric Dillon will retire as
Chairman of the Board for Diamond Hill Investment Group, Inc. at
the conclusion of his current term which ends in conjunction with
the Company's Annual Meeting of Shareholders to be held on
May 1, 2019. James F. Laird, current lead independent
director will succeed Mr. Dillon as Chairman of the
Board.
"I am pleased with the selection of Paula and Nicole as
independent directors," said Mr. Dillon. "Collectively, the Board
consists of a very experienced and talented group of individuals
with six of seven board members serving as independent
directors. I am confident that our shareholders are in good
hands with a strong board in place."
"I want to thank Ric for his leadership, first as Diamond Hill's CEO and then as Board Chairman,"
said Chief Executive Officer Chris
Bingaman. "I am grateful for his vision and mentorship
through the years. Ric has given us an outstanding legacy on which
to build, and I am confident that we will continue to serve clients
with our key foundational values in place."
Mr. Dillon has served as Board Chairman since 2015 and served as
Diamond Hill's Chief Executive
Officer from 2000 to 2015. Mr. Laird, has been a director of
the Company since 2011, is the chair of the Compensation Committee,
and serves on the Audit Committee and the Nominating and Governance
Committee. Mr. Laird served as Chief Financial Officer and
Treasurer of the Company and President of Diamond Hill Funds from
2001 to 2014.
About Diamond Hill
We
are an independent investment management firm with significant
employee ownership and $20.8 billion
in assets under management as of January
31, 2019. We provide services to institutions and
individuals through mutual funds, institutional separate
accounts, exchange traded funds, and private investment
funds. Our strategies include long-only equity, alternative
long-short equity, and fixed income.
We serve our clients by providing investment strategies that
deliver lasting value through a shared commitment to our intrinsic
value-based investment philosophy, long-term perspective,
disciplined approach and alignment with our clients' interests. For
more information visit www.diamond-hill.com.
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SOURCE Diamond Hill Investment Group, Inc.