Kenneth Jacobs Elected as Chairman of Vanguard's Board; Mark Loughridge Set to Retire in December 2026
Vanguard announced that Kenneth Jacobs has been elected as the new nonexecutive Chairman of its board, succeeding Mark Loughridge who will retire on December 31, 2026. John Murphy was also appointed as Lead Independent Director during a transition period when Jacobs is considered an 'interested person' under regulatory definitions. Jacobs brings extensive experience in global financial services and has previously served as CEO of Lazard Inc., while Murphy currently serves as CFO at The Coca-Cola Company, bringing strong leadership and strategic planning expertise. Mark Loughridge, who led the board since 2012, is being recognized for his contributions to Vanguard's growth and governance. Vanguard remains committed to its mission of serving investors globally through a unique ownership structure where fund shareholders own the company.
