Lazard appoint new chairman and CEO

by Richard Kilner

Story link: Lazard appoint new chairman and CEO

Lazard has announced that its Board of Directors has appointed Kenneth M. Jacobs to serve as chairman and chief executive officer with immediate effect.

Jacobs was formerly chief executive officer of Lazard North America, and replaces Bruce Wasserstein, who passed away on 14 October.

The Board has described Wasserstein as an industry icon, and an extraordinary leader of Lazard.

The Board went on to say that Jacobs’ selection was made unanimously based upon a combination of his strong track record and his personal attributes.

Steven J. Golub served as interim chief executive officer, and will retain his position as vice chairman of Lazard.

Jacobs remembers fondly his time collaborating with Wasserstein to improve Lazard, and has indicated that he intends to continue with his late predecessor’s strategic vision.