The Capital Group Board elected Timothy Armour as the head and chairman of the world’s prominent investment management company, the Capital Group. At the time of his prestigious appointment, Armour was in charge of Capital Research Company and executive committee of Capital Group. The board announced this high-status appointment on July 28, 2015.
Rob Lovelace and Phil de Toledo will work under the supervision of Tim Armour. These executives will lead other committee members in creating, communicating, and implementing the business strategies of Capital Group. They will also be in charge of daily activities of the Capital Group. The wealth management powerhouse implemented a leading-edge leadership succession plan after the death of Chairman Jim Rothenberg.
Tim Armour’s sentiments
In response to his appointment, Armour thanked the Capital Group Board for trusting in his abilities. He said that the late Jim Rothenberg had been at the forefront of driving Capital Group’s success. He referred Jim as a purposeful and talented leader who made informed decisions and protected the interests of the company and clients.
Tim stated that Capital Group’s strength lies in collective abilities of all its workers who focus on the firm’s mission of providing outstanding investment solutions to its investors and customers. Capital Group has over 7,600 associates and has been operational for the past 84 years.
About Timothy Armour
Tim Armour boasts unparalleled investment experience that extends for more than three decades. He was one of the interns who joined Capital Group’s workforce through The Associates Program. Early in his investment career, Tim acted as an equity investment expert at the Capital Group. He covered service and telecommunications companies located in the U.S. and other countries throughout the world. In addition to his chairman post at Capital Group, Tim is also a senior equity portfolio manager. He received his undergrad in economics from the Middlebury College.