On July 28, 2015, Timothy (Tim) Armour was elected the chairman of the Capital Group. The leading investment firm’s Board of Directors was mandated with the duty of sourcing for a qualified executive leader. Before becoming the chairman of the company, Timothy Armour served as the chairman of Capital Research and Management Company.
As the senior most leader at the company, Timothy Armour will be working closely with other senior management leaders at the enterprise. These leaders include Phil De Toledo and Rob Lovelace. Phil is Capital Group’s president while Rob is the president of Capital Research and Management Company. The team will be responsible for overseeing, developing and implementing overall business strategies for the Capital Group.
Timothy Armour is replacing the former chairman, Jim Rothenberg. His election was occasioned by the sudden demise of Jim. Many people believe that the election by the board was just a formality as the company had already been preparing Tim to take over from Jim. The succession plan has been in motion for years.
Speaking about the former leader, Timothy Armour praised him as a purposeful leader who had the unique ability to take decisive actions that benefited clients, investors, and associates for longer periods. He also noted that Jim was more than just a leader. He was both a friend and colleague to the staff of Capital Group. He encouraged the staff to continue working together as before as the company’s 84-year legacy is built on the collective talents of all of the company’s associates. Tim praised the associates for their determination to provide the company’s clients and investors with superior and long-term investment results. This information was originally reported on PRNewswire as outlined here.
Tim Armour plays a critical leadership role at Capital Group. He holds different positions at the organization. Besides being the chairman of the firm, he is the chairman of the company’s management committee. In addition, he is the chairman and principal of Capital Research and Management Company. Time is also an equity portfolio manager at Capital Group.
The Los Angeles-based business leader joined the company over 33 years ago straight from college. He is one of the longest serving employees at the firm. He started as a participant in the company’s Associates Program. Later, he became an equity investment analyst. In this position, he was responsible for handling global communications and U.S service companies. His success saw him appointed to company’s leadership team. Timothy Armour holds an economics degree from the Middlebury College.