Invesco Ltd. Announces Changes to its Board of Directors

Rhea-AI Summary

Invesco Ltd. (NYSE: IVZ) announced the appointment of Beth Johnson and Todd Gibbons as non-executive directors, effective February 15 and April 24, 2023, respectively. Johnson, currently Chief Experience Officer at Citizens Financial Group, brings extensive marketing experience, while Gibbons previously served as CEO of BNY Mellon, adding significant financial services expertise. The changes follow the retirement of C. Robert Henrikson, a board member since 2012, effective May 25, 2023. Invesco aims to enhance its board's oversight capabilities and strengthen its global business strategy.

Positive

• Appointment of experienced directors enhances board expertise and oversight.
• Beth Johnson's marketing background and Todd Gibbons' financial leadership can improve strategic decision-making.

Negative

• Retirement of C. Robert Henrikson may create a gap in continuity and experience on the board.

ATLANTA, Feb. 15, 2023 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) announced today that it has appointed Ms. Beth Johnson and Mr. Todd Gibbons as non-executive directors to the company's Board.  Ms. Johnson's appointment becomes effective February 15, 2023, and Mr. Gibbons' appointment becomes effective April 24, 2023.

C. Robert Henrikson, who has served as a non-executive director on the Invesco Ltd. Board since 2012, will retire from the Board at the conclusion of the company's Annual General Meeting of Shareholders on May 25, 2023.

Ms. Johnson is the Chief Experience Officer and Head of ESG (Environmental, Social, Governance) of Citizens Financial Group, Inc. Prior to her current roles at Citizens Financial, Ms. Johnson was the Chief Marketing Officer and Head of Virtual Channels of Citizens Financial. Prior to joining Citizens Financial, Ms. Johnson worked at Bain and Company, Inc.

Mr. Gibbons retired in 2022 as the Chief Executive Officer and a member of the board of directors of BNY Mellon. Prior to becoming Chief Executive Officer, Mr. Gibbons held numerous leadership roles at BNYM, including Vice Chairman and CEO of Clearing, Markets and Client Management, Chief Financial Officer, and roles in risk, finance and client management.

"The Invesco Board remains committed to ensuring its directors are well-equipped to oversee the company and effectively represent the interests of shareholders," said G. Richard Wagoner, Jr., Chair of the Invesco Ltd. Board of Directors.  "We are very pleased to add Ms. Johnson and Mr. Gibbons to our Board of Directors, both of whom will bring a wealth of business experience and new perspectives to the Board."

"The addition of Beth and Todd further expands the depth and breadth of financial services experience on the firm's Board," said Marty Flanagan, President & CEO of Invesco.  "We look forward to working closely with them as we remain focused on delivering superior investment outcomes for clients, employees and shareholders of the firm and further strengthening our global business."

"We are also deeply grateful for Rob Henrikson's many years of thoughtful guidance and counsel to the Board," Mr. Wagoner added.  "We wish him all the best in his retirement."

About Invesco Ltd.

Invesco Ltd. (ticker NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.  Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities.  With offices in more than 20 countries, Invesco managed $1.4 trillion in assets on behalf of clients worldwide as of Dec. 31, 2022.  For more information, visit www.invesco.com/corporate.

Contact: Jeaneen Terrio  Jeaneen.Terrio@invesco.com  212-278-9205 

 

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SOURCE Invesco Ltd.

FAQ

Who has been appointed to the Invesco Ltd. Board of Directors?

Beth Johnson and Todd Gibbons have been appointed as non-executive directors.

When do the new board appointments at Invesco take effect?

Beth Johnson's appointment is effective February 15, 2023, and Todd Gibbons' on April 24, 2023.

What is the reason for the board changes at Invesco?

The changes aim to enhance the board's oversight capabilities and ensure effective representation of shareholders.

Who is retiring from the Invesco Board, and when?

C. Robert Henrikson is retiring at the conclusion of the Annual General Meeting on May 25, 2023.

What experience do the new directors bring to Invesco?

Beth Johnson has a background in marketing and ESG from Citizens Financial, while Todd Gibbons has extensive financial leadership experience from BNY Mellon.