Vanguard CEO Tim Buckley has announced his intention to retire from his role as chief executive officer by the end of 2024. The company is currently conducting a search for a new CEO.
Buckley, who has been with Vanguard for over three decades, began his tenure in 1991 as a research assistant to founder John Bogle. He ascended to the leadership team in 2001 and was appointed CEO in 2018, according to the news release dated Feb. 29 that announced these changes.
"Thirty-three years ago, I was lucky to join a company that believed in giving investors a fair shake as they saved for retirement, for their kids' college education, or for their dream home. In my seventh year as CEO, we have scaled our mission to more than 50 million investors, and our team is just getting started. I have been passionate about developing the next generation of leaders, and I look forward to those leaders elevating Vanguard to new heights. It has been an absolute privilege to lead Vanguard and help advance the company's mission of giving clients the best chance for investment success," Buckley said in the same news release.
Throughout his career at Vanguard, Buckley held various positions including chief information officer for five years and head of the retail investor group for six years. His educational background includes an A.B. in economics from Harvard College and an MBA from Harvard Business School.
In related news, Greg Davis has been appointed as the new president of Vanguard while retaining his role as the company’s chief investment officer. Davis holds a bachelor of science degree in insurance from Pennsylvania State University and a Master of Business Administration in Finance from the University of Pennsylvania’s Wharton School. He is also a member of several prestigious committees including the Treasury Borrowing Advisory Committee of the U.S. Department of the Treasury and the Investor Advisory Committee on Financial Markets for the Federal Reserve Bank of New York.