Hartford Funds has appointed William P Johnston to succeed Dr Robert M Gavin as Chairman of the firm’s Fund Board.
Hartford Funds recently announced that Dr Gavin would be retiring as board chair in mid-August due to the Funds’ mandatory retirement policy. Johnston has served on the Fund Board as a Director since 2005, acting as the Chair of the Compliance Committee throughout his tenure.
“Will is a natural choice for our next Chairman of the Board. Over the course of a decade, he has been instrumental in providing our Funds with strategic guidance and insight based on his extensive career,” says Jim Davey (pictured), President of Hartford Funds. “We look forward to continuing our forward momentum under Will’s leadership.”
Johnston, of Nashville, Tennessee, is a Senior Advisor to the healthcare team at global alternative asset management firm, The Carlyle Group, and is a former attorney with more than four decades of experience in investment banking and healthcare. Johnston was Chief Executive Officer of Equitable Securities Corporation and Board Chair of Renal Care Group. He serves on the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, and is a Board member of HCR-ManorCare, Inc.
“Will’s background and experience in law, investment banking and in the boardroom will offer tremendous value to our Funds’ oversight and guidance going forward,” says Davey. “I have confidence that he will build upon Dr Gavin’s legacy, helping us to deliver value to our Fund shareholders by continuing to live the philosophy behind our tagline of ‘Our benchmark is the investor.”