The new executives of Capital Group
27 OCT, 2023
The Board of Directors of Capital Group has elected three new senior leaders to assume the management responsibilities of Tim Armour, Chairman and CEO, and Rob Lovelace, Vice-Chair and President. The new executives are:
- Mike Gitlin: He has been elected as the new President and Chief Executive Officer (CEO) of Capital Group and Chair of Capital Group's management committee. Gitlin has been head of fixed income at the firm for eight years and was previously head of fixed income and global head of trading at T Rowe Price.
- Martin Romo: He has been appointed as the new Chair and Chief Investment Officer (CIO) of Capital Group. Romo will collaborate with the investment professionals of Capital to maintain the commitments made to clients and ensure that the Capital System™, the unique investment process of Capital, continues to operate at the highest levels, seeking to offer superior investment results to clients in the long term.
- Jody Jonsson: She has been elected as the new Vice Chair of Capital Group while continuing her role as President of Capital Research Management Company (CRMC) and Chair of the Executive Committee of CRMC. Jonsson will contribute to developing and guiding the strategic vision and its implementation, focusing on engagement with stakeholders and the industry, while maintaining her current investment responsibilities.
Roles of the New Executives
As the new President and CEO, Mike Gitlin will work with other leaders to execute on Capital's strategy and growth plans, collaborate with the other executives of Capital to implement the company's long-term strategy, and provide long-term solid investment results while offering the best customer experience.
Martin Romo will collaborate with the investment professionals of Capital to maintain the commitments made to clients and ensure that the Capital System™ continues to operate at the highest levels, seeking to offer superior investment results to clients in the long term.
Jody Jonsson will contribute to developing and guiding the strategic vision and its implementation, focusing on engagement with stakeholders and the industry, while maintaining her current investment responsibilities.In conclusion, the new leadership team of Capital Group is expected to set the company up for continued future success, with their collective experience and vision giving momentum to the company and carrying forward its legacy of deep commitment to customers and the mission of providing investment results that improve people's lives in the long term
