Kenneth Jacobs elected as Chairman of Vanguard's Board of Directors
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Current chairman, Mark Loughridge, to retire December 31, 2026 John Murphy elected as Lead Independent Director VALLEY FORGE, Pa., July 24, 2026 /PRNewswire/ -- Vanguard announced today that Mark Loughridge will retire from Vanguard's board of directors and the board of trustees for each of the Vanguard funds effective December 31, 2026. Kenneth Jacobs has been elected by the boards to succeed Mr. Loughridge as the nonexecutive Chairman and John Murphy has been elected to act as Lead Independent Director. "Serving on Vanguard's board has been a tremendous privilege. I am deeply grateful for the opportunity to work alongside such thoughtful and dedicated leaders in service of Vanguard's mission, our investors, and our future," said Mr. Loughridge. "Ken and John are the right leaders for Vanguard's board going forward. Their long track records of disciplined leadership, thoughtful governance, and global perspective, coupled with a deep appreciation for Vanguard's culture and mission, will keep Vanguard on course as we work to improve the financial outcomes of the tens of millions of individuals that we serve." Mr. Jacobs joined Vanguard's board in February 2026. With nearly four decades of experience in global financial services, including as the Chairman and Chief Executive Officer of Lazard, Inc. from 2009 to 2023, Mr. Jacobs has broad expertise in corporate strategy...
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