FAIRPORT, N.Y.--(BUSINESS WIRE)--
The Board of Directors at Manning & Napier, Inc. (NYSE: MN), ("Manning &
Napier" or "the Company") appointed Robert M. Zak to the Board effective
immediately. Zak's appointment filled an existing vacancy and increased
the Board to six members.
Since 1995, Mr. Zak has served as the President and Chief Executive
Officer at Merchants Insurance Group, a privately held insurance
company. Prior to joining the insurance industry in 1985, he had a
career in public accounting. Mr. Zak serves as a director, trustee or
member of Great Lakes Health System, Rand Capital Corporation, 100 Club
of Buffalo and Western New York, Inc., Kaleida Health System, and the
University at Buffalo School of Management Dean's Advisory Council. Mr.
Zak is a certified public accountant and earned a BS and an MBA from the
University at Buffalo.
"We are pleased to welcome Bob to our board of directors," said Patrick
Cunningham, CEO of Manning & Napier. "Bob's proven experience in the
insurance industry complements the firm's ongoing development of
solutions for our clients and partners in the intermediary channels."
As part of the appointment, Mr. Zak will serve on the Nominating and
Corporate Governance, Compensation, and Audit Committees.
About Manning & Napier, Inc.
Manning & Napier (NYSE: MN) provides a broad range of investment
solutions through separately managed accounts, mutual funds, and
collective investment trust funds, as well as a variety of consultative
services that complement our investment process. Founded in 1970, we
offer equity and fixed income portfolios as well as a range of blended
asset portfolios, such as life cycle funds, that use a mix of stocks and
bonds. 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 and had 508 employees as of September
Safe Harbor Statement
This press release and other statements that the Company may make may
contain forward-looking statements within the meaning of section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, which reflect the Company's current views with respect to,
among other things, its operations and financial performance. Words like
"believes," "expects," "may," "estimates," "will," "should," "intends,"
"plans," or "anticipates" or the negative thereof or other variations
thereon or comparable terminology, are used to identify forward-looking
statements, although not all forward-looking statements contain these
words. Although the Company believes that it is basing its expectations
and beliefs on reasonable assumptions within the bounds of what it
currently knows about its business and operations, there can be no
assurance that its actual results will not differ materially from what
the Company expects or believes. Some of the factors that could cause
the Company's actual results to differ from its expectations or beliefs
include, without limitation: changes in securities or financial markets
or general economic conditions; a decline in the performance of the
Company's products; client sales and redemption activity; changes of
government policy or regulations; and other risks discussed from time to
time in the Company's filings with the Securities and Exchange
Investor Relations Contact
Schaffer, 212-279-3115 ext. 229
Manning & Napier, Inc.
Kingsley Brunner, 585-325-6880
Source: Manning & Napier
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