Morgan Stanley CEO James Gorman Says Board Has Identified Three Candidates To Succeed Him; CEO Gorman Expects Succession To Occur Within The Next 12 Months; CEO Gorman To Become Executive Chairman When New CEO Appointed
Portfolio Pulse from Happy Mohamed
Morgan Stanley CEO James Gorman announced that the board has identified three candidates to succeed him, with the succession expected to occur within the next 12 months. Gorman will become Executive Chairman when the new CEO is appointed.
May 19, 2023 | 12:43 pm
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Morgan Stanley's board has identified three potential successors for CEO James Gorman, with the transition expected within the next 12 months. Gorman will become Executive Chairman upon the new CEO's appointment.
The announcement of potential successors for Morgan Stanley's CEO position indicates a planned and orderly transition, which is generally viewed positively by investors. However, the short-term impact on the stock price is likely to be neutral, as the market will wait for more information on the chosen successor and their plans for the company.
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