– USA, NY – Manning & Napier, Inc. (NYSE:MN) today announced that it has appointed Richard Barrington to the Company’s Board of Directors as an independent director. Mr. Barrington’s appointment expands the board to eight members, with five directors classified as independent. Mr. Barrington will serve on the Nominating and Corporate Governance, Compensation and Audit Committees.
Mr. Barrington, 54, currently serves as an independent financial journalist and a published author, contributing to publications such as Forbes.com and the Huffington Post, among others, as well as to scholastic books. Previously, he spent 23 years at Manning & Napier from 1983 through 2006, including 16 years as Managing Director of Client Services, in addition to several other roles across the operations and sales and marketing departments. He is a Chartered Financial Analyst and holds a bachelor’s degree in Communications from St. John Fisher College.
Commenting on the appointment of Mr. Barrington, Patrick Cunningham, Chief Executive Officer of Manning & Napier, stated, “With the expansion of our board and Richard’s appointment as an independent board member, we are extending our commitment to remaining aligned with our shareholders by maintaining a majority independent board. Richard’s long history at our firm in key roles of client services, operations, and sales and marketing will provide our board with an additional layer of institutional knowledge and support as we look to enhance our client service offerings and further expand in strategic growth areas such as defined contribution. We look forward to Richard’s future contributions.”
About Manning & Napier, Inc.
Manning & Napier (NYSE: MN) provides a broad range of investment solutions as well as a variety of consultative services that complement our investment process. Founded in 1970, we offer equity, fixed income, and alternative strategies, as well as a range of blended asset portfolios, such as life cycle funds. We serve a diversified client base of high-net-worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments and foundations. For many of these clients, our relationship goes beyond investment management and includes customized solutions that address key issues and solve client-specific problems. We are headquartered in Fairport, NY.
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