Gray & Company Restructures, Opts For Co-CEOs

Jul 18 2013 | 10:25am ET

Laurence O. Gray, president and chief executive officer of Atlanta-based investment advisor Gray & Company, will cede that second title to two co-CEOs.

Yolanda Waggoner-Foreman, chief administrative officer, who has been with the firm since 2010, and Robert C. Hubbard, chief operating officer, who has been with the firm since 2006, will assume the roles of co-CEOs with joint responsibility for the day-to-day management of the firm and execution of the firm’s strategy.

Gray will continue in his position as president while transitioning out of a day-to-day management role, focusing primarily on guiding the executive committee in the firm’s next phase of growth.

As part of the new structure, Gray & Company is combining all investment capabilities under the leadership of Peter Lupoff, who joined the firm in 2012 when it acquired his firm, Tiburon Capital Management. Lupoff, who was previously CIO of Gray’s alternative investment division, will become CIO for the entire firm.

The executive committee—consisting of Gray, Foreman, Hubbard and Lupoff—will remain in place, continuing to provide the overall strategic direction of the firm.

Said Gray, in a statement: “Over the past two decades, Gray & Company has evolved into a global investment solutions firm with more than $10 billion in assets under advisement and $840 million in discretionary assets. We have become an enduring, world-class institution with a deep and talented team of financial services professionals led by Yolanda, Bob and Peter. Having been at the helm since the firm’s founding, it is now time for these capable leaders to take an active role in the decision making and oversee the day-to-day management of the firm.”


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

Business Insider has been reporting on the unusual trading activity of a mystery trader who placed a profitable short equity bet to the tune of $21 million on the Aug. 10 move in the CBOE Volatility Index (VIX).