Janus Henderson Group announced that current board member, John Cassaday, has been appointed to succeed Richard Gillingwater as Chair of the Janus Henderson Board following Gillingwater’s retirement, effective December 31, 2022.
The Company also announced that while Ed Garden, Trian Fund Management’s 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 15th November.
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.”