Voya Financial CEO Christine Hurtsellers To Retire; Will Be Succeeded By Matt Toms Effective Immediately
Portfolio Pulse from Benzinga Newsdesk
Christine Hurtsellers, CEO of Voya Investment Management, has announced her retirement plans for 2024. Matt Toms, the current global chief investment officer at Voya Investment Management, has been named as her successor. Additionally, Eric Stein has joined Voya Investment Management as the head of investments and chief investment officer for fixed income.
January 10, 2024 | 1:20 pm
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Voya Financial's leadership transition with CEO Christine Hurtsellers retiring in 2024 and Matt Toms taking over may lead to strategic shifts and impact investor sentiment.
CEO transitions can lead to changes in company strategy and investor uncertainty. However, since the transition appears to be planned and orderly, with an internal successor, the immediate impact on Voya Financial's stock price is likely to be neutral. The market typically favors stability and clear succession plans, which may offset any potential concerns about the change in leadership.
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