Bringing you live news and features since 2006 

Mairs & Power names Theobald as Chairman and CEO


Investment advisory firm Mairs & Power has named Jon A Theobald as Chairman of the Board in addition to his current title of Chief Executive Officer.

In addition, Mark L Henneman has been named President, Chief Investment Officer and Chairman of the Investment Committee by the firm's Board of Directors, while Former Chairman William B Frels has been named Chairman Emeritus. In addition, the Board has named Ronald L Kaliebe Senior Vice President and Director of Fixed Income Investments and Glenn E Johnson Senior Vice President and Director of Portfolio Management. All executive changes became effective 1 January.

These executive changes are steps in a long-term succession plan which included the naming of Theobald as CEO and Henneman as Executive Vice President in 2012.

"Succession planning is a natural component of Mairs & Power's long-term focus," says Theobald. “As the oldest investment firm under continuous private ownership and management in Minnesota, we employ a deliberate and disciplined succession planning process to ensure consistency in our investment philosophy over time while continuing to provide highly personalised investment advice for our clients. All the individuals assuming new roles and titles at the firm have been groomed for these added responsibilities."

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by