This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Manning & Napier, Inc. Announces Changes To Board Of Directors

Manning & Napier, Inc. (NYSE:MN), ("Manning & Napier" or "the Company") today announced upcoming changes to its Board of Directors in advance of its June 18 th annual shareholder meeting. The Board of Directors announced that Richard Goldberg will stand for election as a new inside director at the annual shareholder meeting. In order to maintain a majority independent Board, B. Reuben Auspitz, Vice Chairman of Manning & Napier, will not stand for re-election but will continue to serve in his existing capacities with the Company.

Mr. Goldberg has been an advisor to the Company since 1998 and has more than 30 years experience in the investment industry. His Wall Street career included Lehman Brothers Kuhn Loeb, Lazard, and Wasserstein Perella (where he was a Managing Director and head of its North American Financial Institutions Group). In addition to his hands-on experience, Mr. Goldberg is an author and educator, having published a book, by Wiley & Sons, on the dynamics of both the sell and buy side of Wall Street and taught at Boston College's Carroll School of Management (adjunct lecturer) and Brandeis University's International Business School (senior lecturer). He is currently a member of the faculty and Advisory Board of Columbia University's Graduate School of International and Public Affairs and serves as a senior advisor to Needham & Company. Mr. Goldberg holds a MBA from the University of Pennsylvania’s Wharton School.

Mr. Auspitz will step down, following the annual meeting, from the Board of Directors as Vice Chairman to focus his efforts on current responsibilities with the Company, which include his role as President and Chair of the Manning & Napier Fund, Inc. and Chairman of Exeter Trust Company, the trust company affiliate of Manning & Napier Advisors, LLC.

Commenting on these pending changes to Manning & Napier’s board of directors, Patrick Cunningham, Chief Executive Officer of Manning & Napier, stated, “Today we are again demonstrating our commitment to ensuring that we remain aligned with our shareholders by maintaining a majority independent board and following best practice corporate governance guidelines. The addition of Richard to our board of directors will deepen our financial services expertise, with a focus on maintaining a sound capital structure, implementing operational efficiencies, and providing M&A counsel. On behalf of the board, I would like to also thank Reuben for serving in the role of Vice Chairman since our IPO in late 2011 and for his continuing commitment to the Company. He contributed significantly to our public offering and has been an integral part of the Company’s progress over time. We believe Richard is an ideal choice to replace Reuben on the board and we look forward to his future contributions.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs