Morgan Stanley Names CEO Ted Pick As Chairman Effective January 1, 2025; James Gorman To Retire As Chairman And Become Chairman Emeritus At Year-End
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has announced that Ted Pick will become the Chairman effective January 1, 2025, succeeding James Gorman, who will retire as Chairman and become Chairman Emeritus at the end of the year.
October 24, 2024 | 8:16 pm
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Morgan Stanley has announced a leadership change with Ted Pick set to become Chairman in 2025, succeeding James Gorman. This transition may impact the company's strategic direction.
The announcement of Ted Pick as the new Chairman of Morgan Stanley indicates a planned leadership transition. While this is a significant change, it is scheduled for 2025, suggesting a stable transition period. The impact on the stock price in the short term is likely neutral as the market may have already anticipated this change.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100