Legg Mason Inc. expands board by adding two directors

One new director helped Legg with CEO search

June 06, 2013|By Eileen Ambrose, The Baltimore Sun

Legg Mason Inc. has expanded its board of directors, adding two independent members, the Baltimore based money manager announced Thursday.

Joining the board are John V. Murphy, a formerly of Korn/Ferry International, and John H. Myers, a retired president and CEO of GE Asset Management. These addition increase the board to 16 members.

Legg hired Korn/Ferry last year to assist in its quest for a new CEO and Murphy had worked on the search. In a regulatory filing, Legg said that it paid Korn/Ferry about $900,000 and Murphy left the company at the end of December.

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