Legg Mason names Joseph Sullivan as CEO for turnaround push

Wed Feb 13, 2013 7:09am EST

Feb 13 (Reuters) - Asset manager Legg Mason Inc on Wednesday named Joseph Sullivan as its permanent chief executive, picking an insider to staunch outflows from its funds and smooth relations with its autonomous investment units.

Sullivan's appointment was expected. Legg Mason of Baltimore had been seeking a new CEO since Mark Fetting stepped down under pressure last fall.