June 6 Asset manager Legg Mason Inc on
Thursday named a former search firm adviser and the former
leader of General Electric Co's asset management business
to its board, replacing two directors who will step down in
In the first appointment Legg Mason of Baltimore named as a
director John Murphy, who most recently had advised
executive-recruitment firm Korn/Ferry International.
Legg Mason had hired the firm in its search for a new chief
executive that led it to name Joseph Sullivan as CEO earlier
Murphy had also been chief executive of Oppenheimer Funds
and was chairman of the Investment Company Institute, the mutual
fund industry trade group in Washington.
In addition, Legg Mason named to its board John Myers,
retired CEO of GE Asset Management. Legg Mason said its board
will remain at 14 members once Dennis Beresford and Nicholas St.
George retire in July.