The Board of Directors at Manning & Napier, Inc. (NYSE: MN), (“Manning & Napier” or “the Company”) appointed Robert M. Zak to the Board effective immediately. Zak’s appointment filled an existing vacancy and increased the Board to six members.
Since 1995, Mr. Zak has served as the President and Chief Executive Officer at Merchants Insurance Group, a privately held insurance company. Prior to joining the insurance industry in 1985, he had a career in public accounting. Mr. Zak serves as a director, trustee or member of Great Lakes Health System, Rand Capital Corporation, 100 Club of Buffalo and Western New York, Inc., Kaleida Health System, and the University at Buffalo School of Management Dean’s Advisory Council. Mr. Zak is a certified public accountant and earned a BS and an MBA from the University at Buffalo.
“We are pleased to welcome Bob to our board of directors,” said Patrick Cunningham, CEO of Manning & Napier. “Bob’s proven experience in the insurance industry complements the firm’s ongoing development of solutions for our clients and partners in the intermediary channels.”
As part of the appointment, Mr. Zak will serve on the Nominating and Corporate Governance, Compensation, and Audit Committees.About Manning & Napier, Inc. Manning & Napier (NYSE: MN) provides a broad range of investment solutions through separately managed accounts, mutual funds, and collective investment trust funds, as well as a variety of consultative services that complement our investment process. Founded in 1970, we offer equity and fixed income portfolios as well as a range of blended asset portfolios, such as life cycle funds, that use a mix of stocks and bonds. We serve a diversified client base of high-net-worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments and foundations. For many of these clients, our relationship goes beyond investment management and includes customized solutions that address key issues and solve client-specific problems. We are headquartered in Fairport, NY and had 508 employees as of September 30, 2012.