Morgan Stanley May Get New CEO Succeeding James Gorman Within 12 Months
Portfolio Pulse from Nabaparna Bhattacharya
Morgan Stanley (NYSE:MS) is expected to appoint a new CEO within 12 months to succeed current CEO James Gorman. The company has identified strong candidates, including co-presidents Ted Pick and Andy Saperstein, COO Jonathan Pruzan, and head of investment management Dan Simkowitz. Gorman will become the executive chairman once a new CEO is chosen.
May 19, 2023 | 4:29 pm
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Morgan Stanley is set to appoint a new CEO within 12 months, with strong candidates identified. Current CEO James Gorman will become the executive chairman.
The appointment of a new CEO at Morgan Stanley is an important event for the company, but the impact on the stock price in the short term is uncertain. The company has identified strong candidates, which may provide some stability during the transition. However, the stock price may be influenced by other factors such as market conditions and company performance.
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