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Posted 26 September, 2022

Perella Weinberg Partners appointed new CEO

CEO Change detected for ticker Nasdaq:PWP in a 8-K filed on 26 September, 2022.


  On September 23, 2022, Peter A. Weinberg, Chairman of the Board of Directors (the "Board") of Perella Weinberg Partners ("PWP" or the "Company") and Chief Executive Officer of the Company, informed the Board of his intention to step down from his role as Chief Executive Officer of the Company, effective January 1, 2023.  

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Overview of Perella Weinberg Partners
None • None
Perella Weinberg Partners operates as an advisory firm, which engages in the provision of strategic and financial advisory services. It serves the large public multinational corporations, mid-sized public and private companies, individual entrepreneurs, private and institutional investors, creditor committees, and government institutions. The company was founded in June 2006 and is headquartered in New York, NY.
Market Cap
$1.13B
View Company Details
Relevant filing section
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. 


On September 23, 2022, Peter A. Weinberg, Chairman of the Board of Directors (the "Board") of Perella Weinberg Partners ("PWP" or the "Company") and Chief Executive Officer of the Company, informed the Board of his intention to step down from his role as Chief Executive Officer of the Company, effective January 1, 2023. Mr. Weinberg will continue to serve as Chairman of the Board, and will serve as a full-time officer and employee of the Company in this role. 


Andrew Bednar, Co-President of the Company, has been appointed Chief Executive Officer of the Company, effective January 1, 2023. Mr. Bednar will report directly to the Board in his new role. 


Mr. Bednar, 54, a founding partner of PWP, has served as Co-President with Dietrich Becker since March 2020, and as a member of the Company's board of directors since June 2021. Mr. Bednar is a seasoned banker, with over 25 years of investment banking experience. Prior to joining PWP in 2006, Mr. Bednar was Head of U.S. Mergers & Acquisition at Bank of America. Prior to that, he was a Managing Director at Goldman, Sachs & Co. He began his career at Cravath, Swaine & Moore LLP in 1994. Mr. Bednar earned a Bachelor of Science and a Master's in Business Administration from Cornell University, and also received a Juris Doctor from Columbia University. Mr. Bednar has extensive investment banking and investment advisory experience.


The appointment of Mr. Bednar was not pursuant to any arrangement or understanding between him and any person, other than a director or executive officer of the Company acting in his or her official capacity. Executive officers are elected by, and serve at the discretion of, the Board. Further, with regard to Mr. Bednar, there are no transactions since the beginning of the Company's last fiscal year, or any currently proposed transaction, in which the Company is a participant that would require disclosure under Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission.


A copy of the press release announcing these changes is attached hereto as Exhibit 99.1 and is incorporated by reference herein.