Lazard Said It Will Not Announce CEO Successor Next Week (LAZ)
Tue. October 20, 2009; Posted: 03:33 PM
Oct 20, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 10/20/2009 - Lazard Ltd. (NYSE:LAZ) said Tuesday that it will not make a decision on the successor to the late CEO Bruce Wasserstein at next week's board meeting. Wasserstein passed away last week and was the driving force behind Lazard, which is a top mergers and acquisitions advisory firm. The board said in a statement, "It is our responsibility to take a measured and thoughtful, yet expeditious approach in determining the position or positions of chairman and chief executive officer of Lazard." Steven J. Golub, the company's vice chairman, is serving as the interim CEO.
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