Morgan Stanley Announces New Lead Director and New Board Committee Chairs
July 27 2017 - 4:15PM
Business Wire
Morgan Stanley (NYSE:MS) today announced that Thomas Glocer has
been appointed Independent Lead Director of Morgan Stanley’s Board
of Directors, taking over from Erskine Bowles effective September
1, 2017.
Mr. Glocer was appointed by the independent directors of the
Board. His appointment reflects the Board’s governance policy of
rotating Lead Directors after a period of time.
Mr. Glocer has served as a director since May 2013 and as Chair
of the Operations and Technology Committee since February 2014. Mr.
Glocer served as CEO of Thomson Reuters Corporation from 2008
through 2011 and as CEO of Reuters Group PLC from 2001 to 2008.
The Board of Directors also appointed two new committee chairs –
Jami Miscik will chair the Operations and Technology committee and
Rayford Wilkins will chair the Nominating and Governance committee,
both effective September 1, 2017.
“Tom is a natural leader, a sophisticated director and has deep
knowledge of financial services with specific expertise in
technology, fin tech and banking. We are excited to have him step
into this new role,” said James Gorman, Chairman and CEO of Morgan
Stanley. “Erskine has served as Lead Director with distinction. He
has a unique understanding of our culture and values. As Lead
Director, he has been an invaluable asset in helping lead the
transformation of Morgan Stanley. We have been lucky to have him as
our Lead Director and look forward to his continued service on the
Board.”
Thomas Glocer added, “I am honored to be appointed Lead Director
and look forward to working with the Board, our shareholders and
our employees to oversee the continued execution of Morgan
Stanley’s strategy.”
Morgan Stanley is a leading global financial services firm
providing investment banking, securities, wealth management and
investment management services. With offices in more than 42
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
information about Morgan Stanley, please visit
www.morganstanley.com.
Note to Editors:
Thomas H. Glocer
Mr. Glocer has been a director since 2013. He served as Chief
Executive Officer of Thomson Reuters Corporation, the news and
information provider, from 2008 through 2011 and as Chief Executive
Officer of Reuters Group PLC from 2001 to 2008. He joined Reuters
Group PLC in 1993 and served in a variety of executive roles before
being named Chief Executive Officer. Mr. Glocer was a mergers and
acquisitions lawyer at the law firm Davis Polk & Wardwell from
1984 to 1993. He is the founder and managing partner of Angelic
Ventures, L.P. Mr. Glocer is also a member of the board of Merck
& Co., Inc., Publicis Groupe and the Atlantic Council. He is a
member of the Council on Foreign Relations and the American Law
Institute. Mr. Glocer is a trustee of the Cleveland Clinic, and
serves on the advisory boards of the President’s Council on
International Activities at Yale University and the Columbia
University Global Center (Europe).
Jami Miscik
Ms. Miscik has been a director since November 2014. She is
currently CEO and Vice Chair of Kissinger Associates, Inc., a New
York-based strategic international consulting firm that assesses
and navigates emerging market geopolitical and macroeconomic risks
for its clients. She served as President and Vice-Chair of
Kissinger from 2009 to 2015. Ms. Miscik was the global head of
sovereign risk at Lehman Brothers from 2005 to 2008, served at the
Central Intelligence Agency from 1983 to 2005 and was Deputy
Director for Intelligence from 2002 to 2005. She also was a Senior
Advisor for Geopolitical Risk at Barclays Capital. Ms. Miscik holds
a Bachelor of Arts degree in Political Science and Economics from
Pepperdine University, a Master's Degree from the University of
Denver's School of International Studies, and an honorary doctorate
in public service from the University of Denver. She is also
Co-Vice Chair of the Council on Foreign Relations, In-Q-Tel and the
American Ditchley Foundation and was Co-Chair of the President's
Intelligence Advisory Board.
Rayford Wilkins, Jr.
Mr. Wilkins has been a director since 2013. He is former CEO of
Diversified Businesses of AT&T, where he was responsible for
international investments, AT&T Interactive, AT&T
Advertising Solutions, customer information services and the
consumer wireless initiative in India. Previously in his career,
Mr. Wilkins held several leadership roles at AT&T and its
predecessor companies, including Group President of Marketing and
Sales at SBC Communications, President and CEO of SBC Pacific Bell,
and President and CEO of Southwestern Bell Telephone, among others.
He currently serves on the board of Caterpillar Inc. and Valero
Energy Corporation. He is also a member of the Advisory Council of
the McCombs School of Business at the University of Texas at
Austin, where he holds a bachelor’s degree.
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Morgan StanleyMedia Relations:Michele Davis,
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