Janus Henderson Announces Changes to Board of Directors
November 15 2022 - 7:29AM
Business Wire
Janus Henderson Group plc (NYSE/ASX: JHG) (“Janus Henderson” or
the “Company”) today announced that current board member, John
Cassaday, has been appointed to succeed Richard Gillingwater as
Chair of the Janus Henderson Board following Mr. Gillingwater’s
retirement, effective December 31, 2022. The Company also announced
that while Ed Garden, Trian Fund Management’s (“Trian”) Chief
Investment Officer and Founding Partner, will continue to serve as
an Independent Non-Executive Director of the Company, Nelson Peltz,
Trian’s Chief Executive Officer and Founding Partner, has resigned
from the Company’s Board of Directors, and Brian Baldwin, Partner
and Senior Analyst at Trian, has been appointed as an Independent
Non-Executive Director in place of Mr. Peltz, effective today.
Richard Gillingwater, Chair of the Janus Henderson Board of
Directors, said: “We are thrilled that John is taking on this
critical role. His breadth and depth of experience, wealth of
leadership, and understanding of the industry makes him the ideal
person to lead Janus Henderson into its next growth phase.
Additionally, on behalf of the Board and the management team, we
thank Nelson for his significant contributions and invaluable
insights. We are pleased to welcome Brian to the Janus Henderson
Board and look forward to benefitting from his knowledge and
perspective, as well as continuing to work closely with Ed on a
number of high priority operating and strategic matters.”
John Cassaday, member of the Janus Henderson Board of
Directors and Chair-elect, said: “I am honored to be appointed
Chair of the Janus Henderson Board and to follow in the footsteps
of Richard’s legacy of strong leadership and commitment to the
Company. I look forward to working closely with the Board and the
management team to help guide and position Janus Henderson for
future success.”
Nelson Peltz, Trian’s Chief Executive and Founding Partner,
said: “As its largest shareholder, Trian strongly supports
Janus Henderson’s new CEO, Ali Dibadj, and his management team, the
Company’s cost-efficiency program, the firm’s newly defined
strategy, and Janus Henderson’s refreshed Board, including its new
Chair, John Cassaday. With these changes in place, and with two of
Trian’s Partners, Ed Garden and Brian Baldwin, on the Board, Trian
believes Janus Henderson is well-positioned to help clients define
and achieve their desired investment outcomes while delivering
significant long-term shareholder value.”
* * *
About John Cassaday
Mr. Cassaday currently serves as Chair and member of the
Corporate Governance and Nominating Committee for Manulife
Financial Corp, a Canadian multi-national insurance company and
financial services provider, as a Non-Executive Director, member of
the Audit, Human Resources and Compensation, and Nominating and
Corporate Governance Committees for Sleep Country Canada Holdings
Inc., and as Chair of the Leadership Development and Compensation
Committee and member of the Nominating and Corporate Governance and
Executive Committees for Sysco Corp. Mr. Cassaday served as
President and Chief Executive Officer of Corus Entertainment Inc.
from its inception in 1999 until his retirement in 2015. Before
Corus, he held various executive roles, including Executive Vice
President of Shaw Communications, President and Chief Executive
Officer of CTV Television Network, and President of Campbell Soup
Company in Canada and the United Kingdom. He served as Lead
Independent Director, Chair of the Nominating, Governance, and
Compensation Committee, as a member of the Audit Committee for Spin
Master Corp from 2015 to 2018, and as an Independent Director for
Gibraltar Growth Corp from 2015 to 2017. Mr. Cassaday will retire
from both the Sysco and Manulife Boards as he assumes the Chair
responsibilities at JHG.
About Brian Baldwin
Mr. Baldwin is a Partner and Senior Analyst at Trian and has
been a member of Trian’s Investment Team since August 2007. Mr.
Baldwin has worked on all of Trian’s investments in the asset
management and financial services sector. In addition, he served as
a Director of nVent Electric plc (formerly the electrical business
of Pentair plc before becoming a standalone public company) from
April 2018 to May 2020. Prior to joining Trian, Mr. Baldwin was an
analyst at Merrill Lynch Global Private Equity from July 2005 to
July 2007. Mr. Baldwin received a B.S., summa cum laude, from The
Wharton School at the University of Pennsylvania.
Trian beneficially owns approximately 19.2% of Janus Henderson’s
outstanding common stock.
About Janus Henderson
Janus Henderson Group is a leading global active asset manager
dedicated to helping investors achieve long-term financial goals
through a broad range of investment solutions, including equities,
fixed income, multi-asset, and alternative asset class strategies.
As of September 30, 2022, Janus Henderson had approximately US$275
billion in assets under management, more than 2,000 employees, and
offices in 23 cities worldwide. Headquartered in London, the
company is listed on the NYSE and the ASX.
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Investor Relations
Jim Kurtz, Head of Investor Relations +1 (303) 336 4529
jim.kurtz@janushenderson.com
Media Relations
Nicole Mullin, Director of Media Relations +44 207 818 2511
nicole.mullin@janushenderson.com
Sarah Johnson, Director of Media Relations & Corporate
Communications +1 (303) 336 4219
sarah.johnson@janushenderson.com
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