- Morgan Stanley (NYSE:MS) will appoint its next chief executive officer within 12 months, succeeding the company’s current CEO, James P. Gorman.
- The company has identified a few “strong candidates” for the position, Reuters reported.
- Morgan Stanley’s co-presidents Ted Pick and Andy Saperstein, Chief Operating Officer Jonathan Pruzan, and head of investment management Dan Simkowitz are likely contenders for the position.
- Gorman, who also holds the position of chairman of the company, is aged 64 years. He joined the firm in February 2006.
- In January 2010, Gorman became the CEO of Morgan Stanley and Chairman in January 2012.
- Reuters added that he would become the executive chairman of Morgan Stanley once a new CEO is chosen.
- Morgan Stanley has been in the headlines for labor force termination lately amid rising recessionary pressure.
- Also Read: Morgan Stanley Plans Fresh Round Of Job Cuts: Report
- Price Action: MS shares are trading lower by 2.24% at $82.60 on the last check Friday.
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