AFFILIATED MANAGERS GROUP, INC. appointed new CEO

ITEM 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


Affiliated Managers Group, Inc. (the "Company") today announced the appointment of Thomas M. Wojcik as Chief Operating Officer of the Company, effective April 1, 2024. As Chief Operating Officer, Mr. Wojcik will oversee the Company's capital formation capabilities, and will continue to report to Jay C. Horgen, President and Chief Executive Officer. The Company today also announced the appointment of Dava E. Ritchea as its next Chief Financial Officer, succeeding Mr. Wojcik, the Company's current Chief Financial Officer, effective April 1, 2024. As Chief Financial Officer, Ms. Ritchea will oversee the Company's finance, accounting, and capital management functions, reporting to Mr. Horgen. 

Ms. Ritchea joins the Company from Sculptor Capital Management Inc. ("Sculptor"), which was publicly listed until its acquisition by Rithm Capital Corporation; she served as Sculptor's Chief Financial Officer since 2021, and also served as a member of the firm's Partner Management Committee. Prior to joining Sculptor, Ms. Ritchea served as Chief Financial Officer at Assured Investment Management LLC (formerly known as BlueMountain Capital Management, LLC) from 2017 to 2021. Earlier in her career, Ms. Ritchea served in investment banking and strategy roles at each of Credit Suisse Group AG, Barclays Capital Inc., and Lehman Brothers Inc. Ms. Ritchea received a B.S. in Business Administration from Carnegie Mellon University. 

Pursuant to a letter agreement entered into with the Company on March 22, 2024, Ms. Ritchea will receive an annual base salary of $500,000 and will be eligible to receive 2024 incentive compensation determined by the Compensation Committee of the Company's Board of Directors (the "Compensation Committee"). Subject to the approval of the Compensation Committee, Ms. Ritchea will be granted equity interests of the Company within ninety (90) days of joining, in a form determined by the Compensation Committee and subject to the Company's equity grant policy, with a fair value of $3,500,000, to further incentivize Ms. Ritchea and to align her interests with the long-term interests of the Company's stockholders, as well as to compensate her for amounts that she will forfeit upon her departure from her prior employer. Ms. Ritchea will also be eligible to participate in the Company's health, benefit, and retirement plans available to other executive officers. 

Ms. Ritchea and the Company will enter into the Company's standard indemnification agreement for directors and executive officers, a form of which has been previously filed by the Company with the Securities and Exchange Commission. There is no arrangement or understanding between Ms. Ritchea and any other person pursuant to which she was elected as an officer of the Company, and there are no familial relationships between Ms. Ritchea and any of the Company's directors or executive officers. There are no transactions in which Ms. Ritchea has an interest requiring disclosure under Item 404(a) of Regulation S-K.