National Financial Has a New CEO

NYC-based National Financial Partners (NYSE: NFP  ) has a new CEO.

National Financial had announced more than a year ago that Chairman and Chief Executive Officer Jessica M. Bibliowicz was planning to leave the wealth-management company. The company confirmed on Monday that President and Chief Operating Officer Douglas W. Hammond has already taken her place -- effective last Friday, May 17.

Hammond and Bibliowicz worked side by side at National Financial for nearly 14 years, and according to Bibliowicz, Hammond is "absolutely the right leader for NFP going forward."

Speaking of "forward," no sooner does Hammond take office than he will be leading the company forward into the arms of an acquirer. On April 15, NFP announced a plan to sell itself to an affiliate of private-equity firm Madison Dearborn Partners. 

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2442538, ~/Articles/ArticleHandler.aspx, 11/27/2015 8:56:34 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

Today's Market

updated 1 day ago Sponsored by:
DOW 17,813.39 1.20 0.00%
S&P 500 2,088.87 -0.27 0.00%
NASD 5,116.14 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
NFP $0.00 Down +0.00 +0.00%
National Financial… CAPS Rating: No stars