Vanguard Announces New CEO Salim Ramji, Ready to ‘Meet the Moment’

Vanguard

VALLEY FORGE, PA — Financial powerhouse, Vanguard, recently announced the appointment of Salim Ramji as its fresh Chief Executive Officer and Board Member, commencing July 8, 2024. Ramji will fill the shoes of outgoing Chairman and CEO, Tim Buckley, a transition previously revealed.

For the past quarter-century, Ramji has cultivated a prolific career in the financial industry. At BlackRock Inc., he left an indelible mark, particularly as the Global Head of iShares & Index Investing, enriching the iShares platform and democratizing client access to the proxy voting process.

Mark Loughridge, Lead Independent Director, expressed the board’s optimistic outlook on Ramji’s leadership. “Salim is an exceptional leader who is aligned with Vanguard’s mission-driven culture, making him the ideal candidate. Vanguard has an important future, and we believe he is the best person for the job,” Loughridge stated.

Ramji is eager to steer Vanguard into a new era, tapping into the changing investor landscape while upholding the company’s core values. He explained, “My focus will be to mobilize Vanguard to meet the moment while staying true to that core purpose – remaining the trusted firm that takes a stand for all investors.”

The Board’s confidence in Ramji is echoed by Buckley, who praised Ramji’s strong fiduciary ethos, strategic thinking, and commitment to the interests of individual investors. Furthermore, Vanguard’s President and CIO Greg Davis joins the company’s Board of Directors, expanding his scope over regulatory and government affairs.

John Murphy, President and CFO of The Coca-Cola Company, will lend his extensive business, financial and operational acumen to Vanguard’s Board, starting June 1, 2024. “John and Greg will be strong additions to the Board, and we on the Board look forward to working with them to serve the best interests of investors and maintain Vanguard’s culture of stewardship,” Loughridge added.

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From a wider perspective, these changes reflect Vanguard’s commitment to evolution and expansion. The decisions they make now could significantly shape the future of investing, potentially introducing more people to the benefits of wealth management. As a company that has always been dedicated to the interests of individual investors, Vanguard’s moves are ones every investor should follow with keen interest.

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