Cowen Group's non-executive chairman stepping down

By Associated Press
June 19, 2008 | Comments (0)

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Investment banking and management firm Cowen Group Inc. said Thursday Kim Fennebresque is stepping down as non-executive chairman of the board.

Fennebresque's resignation takes effect July 15.

Fennebresque, served as chief executive until March, will be replaced as non-executive chairman of the board by John Toffolon.

David Malcolm replaced Fennebresque as chief executive in March.

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