Lazard Appoints Dan Schulman as Lead Independent Director and Peter R. Orszag as Chairman of the Board
Lazard (NYSE: LAZ) announces key leadership changes effective January 1, 2025. Dan Schulman has been appointed as Lead Independent Director, succeeding Richard D. Parsons, while CEO Peter R. Orszag will become Chairman of the Board. Kenneth M. Jacobs will transition from Executive Chairman to Senior Chairman of the Firm and Senior Advisor to the Board, stepping down from his board seat on December 31, 2024. These changes represent the culmination of a multi-year succession planning process. In his new role, Jacobs will continue advising key clients globally while Orszag will lead the implementation of the company's Lazard 2030 vision.
Lazard (NYSE: LAZ) annuncia importanti cambiamenti nella leadership a partire dal 1 gennaio 2025. Dan Schulman è stato nominato Direttore Indipendente Principale, succedendo a Richard D. Parsons, mentre il CEO Peter R. Orszag diventerà Presidente del Consiglio. Kenneth M. Jacobs passerà da Presidente Esecutivo a Presidente Senior della Società e Consigliere Senior del Consiglio, rinunciando al suo seggio nel consiglio il 31 dicembre 2024. Questi cambiamenti rappresentano il culmine di un processo di pianificazione della successione durato anni. Nel suo nuovo ruolo, Jacobs continuerà a consigliare clienti chiave a livello globale, mentre Orszag guiderà l'implementazione della visione Lazard 2030 della società.
Lazard (NYSE: LAZ) anuncia cambios clave en el liderazgo con efecto a partir del 1 de enero de 2025. Dan Schulman ha sido nombrado Director Independiente Principal, sucediendo a Richard D. Parsons, mientras que el CEO Peter R. Orszag se convertirá en Presidente de la Junta. Kenneth M. Jacobs pasará de Presidente Ejecutivo a Presidente Senior de la Firma y Asesor Senior de la Junta, renunciando a su puesto en la junta el 31 de diciembre de 2024. Estos cambios representan la culminación de un proceso de planificación de sucesión de varios años. En su nuevo rol, Jacobs seguirá asesorando a clientes clave a nivel global, mientras que Orszag liderará la implementación de la visión Lazard 2030 de la empresa.
라자드 (NYSE: LAZ)는 2025년 1월 1일부터 시행될 주요 리더십 변경을 발표했습니다. 댄 슐먼이 리차드 D. 파슨스를 이어 독립 이사장으로 임명되었고, CEO 피터 R. 오르작은 이사회 의장이 됩니다. 케네스 M. 제이콥스는 집행 의장직에서 회사의 수석 의장 및 이사회 수석 고문으로 전환하며, 2024년 12월 31일 이사회 자리에서 물러납니다. 이러한 변화는 수년간의 후계 계획 과정의 정점을 이루는 것입니다. 제이콥스는 새로운 역할에서 전 세계 주요 고객에게 계속해서 자문할 것이며, 오르작은 회사의 라자드 2030 비전 구현을 이끌 것입니다.
Lazard (NYSE: LAZ) annonce des changements clés dans la direction à compter du 1er janvier 2025. Dan Schulman a été nommé Administrateur Indépendant Principal, succédant à Richard D. Parsons, tandis que le PDG Peter R. Orszag deviendra Président du Conseil. Kenneth M. Jacobs passera de Président Exécutif à Président Senior de l’Entreprise et Conseiller Senior du Conseil, démissionnant de son siège au conseil d’administration le 31 décembre 2024. Ces changements représentent l’aboutissement d’un processus de planification de la succession de plusieurs années. Dans son nouveau rôle, Jacobs continuera de conseiller des clients clés à l’échelle mondiale, tandis qu’Orszag dirigera la mise en œuvre de la vision Lazard 2030 de la société.
Lazard (NYSE: LAZ) kündigt zum 1. Januar 2025 wichtige Veränderungen in der Führungsetage an. Dan Schulman wird als Hauptunabhängiger Direktor ernannt und folgt damit Richard D. Parsons nach, während der CEO Peter R. Orszag Vorsitzender des Aufsichtsrats wird. Kenneth M. Jacobs wechselt vom Exekutivvorsitzenden zum Senioren Vorsitzenden der Firma und Senior Berater des Aufsichtsrats und wird sein Mandat im Aufsichtsrat am 31. Dezember 2024 niederlegen. Diese Veränderungen sind das Ergebnis eines mehrjährigen Nachfolgeplans. In seiner neuen Rolle wird Jacobs weiterhin wichtige Kunden weltweit beraten, während Orszag die Umsetzung der Unternehmensvision Lazard 2030 leiten wird.
- Structured leadership transition through multi-year succession planning
- Retention of Kenneth Jacobs' expertise in senior advisory role
- Consolidation of leadership under CEO Orszag indicates streamlined decision-making
- None.
Kenneth M. Jacobs Becomes Senior Chairman of the Firm
Richard D. Parsons Honored for Board Service
Kenneth M. Jacobs, Executive Chairman and Board Member, will become Senior Chairman of the Firm and Senior Advisor to the Board, and relinquish his board seat effective December 31, 2024. In his role as Senior Chairman, Mr. Jacobs will continue to advise many of the firm’s most important clients and relationships globally.
These transitions represent a successful, multi-year succession planning process across Board and senior leadership at the firm.
“It is a privilege to take on the role of Lead Independent Director and help guide Lazard into its next phase of growth,” said Mr. Schulman. “Peter has set forth an ambitious agenda, and it is increasingly clear that the firm is at an inflection point. On behalf of the Board, we thank Dick and Ken for their service, and I look forward to continuing to build and strengthen the firm for future success.”
“I am honored to serve as Chairman and CEO of Lazard, working with Dan, our Board, senior leadership, and our entire team to achieve our long-term vision for Lazard 2030,” said Mr. Orszag. “I am grateful for Dick’s dedication over the years and Ken’s contribution to our business over the past year while serving as Executive Chairman. It is a privilege to support our clients, shareholders, and colleagues as a steward of Lazard’s distinguished legacy.”
“As Executive Chairman of the Board over the past year and now Senior Chairman of the Firm, I have had the opportunity to return to what attracted me to this business in the first place, which is advising clients,” said Mr. Jacobs. “The firm is well positioned for success under Peter’s expanded leadership. I would like to thank Dick for his wisdom and advice to me over the years, and for his service as a Board Member, and I congratulate Dan on his new role as Lead Independent Director.”
Mr. Orszag became Lazard CEO on October 1, 2023, after joining the firm in 2016 and serving as its CEO of Financial Advisory, Head of North American Mergers & Acquisitions, and Global Co-Head of Healthcare. Prior to that, he served as the Director of the Office of Management and Budget in the Obama Administration, and before that as the Director of the Congressional Budget Office.
Mr. Schulman joined Lazard as a Board member on February 1, 2024. He also serves on the boards of Cisco Systems and Verizon Communications, and prior management roles include CEO of PayPal, Group President at American Express, President at Sprint Nextel Corporation, founding CEO of Virgin Mobile
Mr. Jacobs joined Lazard in 1988, and over the past 36 years, he has led numerous landmark transactions for clients across the firm. Most recently, as Executive Chairman, he devoted his focus to advising clients on strategic and financial matters. Mr. Jacobs served as Chairman and Chief Executive Officer of Lazard from November 2009 to September 2023.
About Lazard
Founded in 1848, Lazard is one of the world's preeminent financial advisory and asset management firms, with operations in
LAZ-CPE
View source version on businesswire.com: https://www.businesswire.com/news/home/20241125060990/en/
Media Relations
Shannon
+1 212-632-6880
shannon.houston@lazard.com
Jessica Francisco
+1 212-632-6571
jessica.francisco@lazard.com
Investor Relations
Alexandra Deignan
+1 212-632-6886
alexandra.deignan@lazard.com
Source: Lazard, Inc.
FAQ
When will Dan Schulman become Lead Independent Director of Lazard (LAZ)?
What role will Peter Orszag have at Lazard (LAZ) in 2025?
What will Kenneth Jacobs' new role be at Lazard (LAZ)?
When did Peter Orszag become CEO of Lazard (LAZ)?
