Evercore Names Tim LaLonde as Chief Financial Officer

Rhea-AI Summary

Evercore (NYSE: EVR) has appointed Tim LaLonde as its new Chief Financial Officer, effective March 6, 2023. Mr. LaLonde, who joined Evercore in 2001, has held various leadership roles and will now oversee financial operations, tax, internal audit, and investor relations. He succeeds Celeste Mellet, who is leaving the company. LaLonde emphasized his commitment to building upon Evercore's success and executing its long-term strategic plan. Evercore is a leading independent investment banking advisory firm, focused on delivering innovative advice and capital-raising services.

Positive

• Tim LaLonde's extensive experience at Evercore positions him well for the CFO role.
• LaLonde has a strong track record in leadership, enhancing confidence in strategic execution.

Negative

• The departure of Celeste Mellet may signal potential instability in financial leadership during the transition period.

NEW YORK--(BUSINESS WIRE)-- Evercore (NYSE: EVR) announced today that it has named Tim LaLonde as its Chief Financial Officer, effective March 6, 2023. Tim LaLonde joined the firm in 2001 and currently serves as Co-Head of the U.S. Advisory business and holds several other global senior leadership roles around the firm. Over the past 22 years, Mr. LaLonde has been an integral part of Evercore’s leadership, driving the firm’s successful growth.

In his new role, Mr. LaLonde will oversee Evercore’s financial, tax, internal audit, investor relations, information technology, and facilities functions and will also continue to serve as a member of Evercore’s Management Committee.

Evercore Chairman and CEO John Weinberg said, “Tim brings deep knowledge of Evercore to the CFO role. He is a highly respected partner and has a superior record of delivering operational excellence. We look forward to his contributions to the firm as Chief Financial Officer and are confident that he will help position the firm for sustainable, long term value creation.”

Tim LaLonde said, “I have been honored to have participated in Evercore’s growth for the past two decades, and I am humbled and energized to be taking on this new role. I look forward to building upon our success and am confident in our ability to create value as we continue to execute on our long-term strategic plan.”

Mr. LaLonde has over 33 years of experience in the investment banking industry and served clients for the first 20 years as an investment banker. He received his B.S.B. from the University of Minnesota; he received a M.Sc. from the London School of Economics and MBA from the Amos Tuck School at Dartmouth College.

Mr. LaLonde will succeed Celeste Mellet, who is leaving Evercore in early February to pursue a different area of finance. Evercore appointed Paul Pensa, its controller, as interim CFO, effective upon Ms. Mellet’s departure, and he will continue in that role until Mr. LaLonde transitions out of his current role and his appointment becomes effective.

About Evercore

Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings, and capital structure. Evercore also assists clients in raising public and private capital and delivers equity research and equity sales and agency trading execution, in addition to providing wealth and investment management services to high net worth and institutional investors. Founded in 1995, the firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in the Americas, Europe, the Middle East and Asia. For more information, please visit www.evercore.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230120005076/en/

Investor Contact:

Katy Haber

Head of Investor Relations & ESG

InvestorRelations@Evercore.com



Media Contact:

Jamie Easton

Head of Communications & External Affairs

Communications@Evercore.com

Source: Evercore

FAQ

Who is the new CFO of Evercore?

Tim LaLonde has been appointed as the new CFO of Evercore.

When does Tim LaLonde start as CFO of Evercore?

Tim LaLonde's appointment as CFO is effective on March 6, 2023.

What role did Tim LaLonde have before becoming CFO?

Before his CFO appointment, Tim LaLonde served as Co-Head of the U.S. Advisory business.

What are Tim LaLonde's qualifications?

Tim LaLonde has over 33 years of experience in investment banking and holds degrees from the University of Minnesota and Dartmouth College.

Who did Tim LaLonde succeed as CFO of Evercore?

Tim LaLonde succeeds Celeste Mellet, who is leaving for a different area of finance.