Lazard Appoints Dan Schulman as Lead Independent Director
People | Nov 25, 2024 | Lazard Technology Partners LP
In a strategic leadership transition, Lazard, Inc. has announced significant changes to its board and management structure. Dan Schulman, a current board member, has been appointed Lead Independent Director, succeeding Richard D. Parsons, who will remain on the board. Peter R. Orszag, who became Lazard's CEO on October 1, 2023, is appointed Chairman of the Board, effective January 1, 2025. These changes follow a planned succession process aimed at steering Lazard into a new phase of growth and long-term strategic vision targeting the year 2030. Kenneth M. Jacobs, stepping down from his role as Executive Chairman and Board Member, will assume the position of Senior Chairman and Senior Advisor, effective December 31, 2024. This reshuffling highlights Lazard's focus on sustained client advisory services and continuity in leadership, with Mr. Orszag expressing his commitment to fulfilling Lazard's ambitious growth agenda. The newly appointed leaders bring extensive experience and vision to the firm, underscoring Lazard's commitment to serving its shareholders and clients.
Sectors
- Financial Advisory
- Consulting
- Investment Banking
Geography
- United States – Lazard is headquartered in New York and the leadership changes are announced from their U.S. base, making this geography relevant.
Industry
- Financial Advisory – Lazard is involved in financial advisory services, including mergers and acquisitions, making this industry relevant to the article.
- Consulting – The advisory role of Lazard, particularly in strategic client engagements, places it within the consulting sector.
- Investment Banking – Lazard's involvement in transactions and advisory roles in financing aligns it with the investment banking industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lazard, Inc. | Company | Corporate Finance | An international financial advisory and asset management firm involved in mergers, acquisitions, and restructuring. |
| Dan Schulman | Lead Independent Director | People | Newly appointed as Lead Independent Director of Lazard's board, previously a board member and holding leadership roles in various corporations. |
| Peter R. Orszag | Chairman & CEO | People | Current CEO of Lazard, appointed as Chairman of the Board effective January 1, 2025, previously served as CEO of Financial Advisory at Lazard. |
| Kenneth M. Jacobs | Senior Chairman & Advisor | People | Transitioning from Executive Chairman to Senior Chairman and Senior Advisor, with a long history of leadership within Lazard. |
| Richard D. Parsons | Board Member | People | Former Lead Independent Director of Lazard's board, honored for his service and continuing as a board member. |