Waddell & Reed Financial, Inc. Board Member Kosloff to Retire
April 29 2020 - 6:45AM
Business Wire
The Board of Directors of Waddell & Reed Financial, Inc.
(NYSE: WDR) announced that veteran board member and former Chairman
of the Board Alan W. Kosloff will retire from the Company’s board
today, in accordance with his planned retirement date.
“Alan has been a leader and source of knowledge for Waddell
& Reed Financial for nearly two decades,” said Thomas C.
Godlasky, Chairman of the Board for Waddell & Reed Financial,
Inc. “His contributions over the years have been invaluable as the
Company transitioned during his tenure. We are grateful for his
input and support and wish him the very best in his
retirement.”
Kosloff, 75, was appointed to the Board in 2003. He served as
Chairman of the Board from May 2005 through December 2009 and was
Lead Independent Director from January 2010 through April 2018.
“Across 17 years his knowledge and insight helped guide us
through the evolution of our business and into our current state of
transformational and strategic growth,” said Philip J. Sanders, CEO
of Waddell & Reed Financial, Inc. “We sincerely appreciate
Alan’s leadership over the years, including his prior Chairman and
Lead Independent Director roles. On behalf of the Company, we thank
Alan for his service and wish him the very best in retirement.”
Kosloff has served as Chairman of Kosloff & Partners, LLC,
Edwards, Colorado, a consulting and investment firm since April
1996.
Previously, he served as Chairman of Jones & Mitchell, an
imprinted and licensed sportswear company, from October 1997 to
March 2005, and as Chairman, Chief Executive Officer and President
of American Marketing Industries, Inc., an apparel manufacturing,
distribution and marketing firm, from 1976 to 1995.
Over the last year, in preparation for planned retirements,
Waddell & Reed Financial has added four business veterans to
its Board membership, bringing added expertise and an enhanced
diversity of perspective to the Board. These additions align to the
Company’s long-term growth strategies, including advancing the
Company’s position as a values-based and purpose-driven
organization.
About Waddell & Reed Financial, Inc.
Through its subsidiaries, Waddell & Reed Financial, Inc. has
provided investment management and wealth management services to
clients throughout the United States since 1937. Today, we
distribute our investment products through the unaffiliated channel
under the IVY INVESTMENTS® brand (encompassing broker/dealer,
retirement, and registered investment advisors), our wealth
management channel (through independent financial advisors
associated with WADDELL & REED, INC.), and our institutional
channel (including defined benefit plans, pension plans, endowments
and subadvisory relationships). For more information, visit
ir.waddell.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200429005047/en/
Roger Hoadley VP, Communications rhoadley@waddell.com
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