Bloomberg News

Morgan Stanley Says Mack to Step Down, Gorman Named Chairman

September 15, 2011

Sept. 15 (Bloomberg) --Morgan Stanley said John J. Mack will step down as chairman and leave the board as expected at the end of 2011.

James P. Gorman, president and chief executive officer, was elected by the board to the additional position of Chairman, effective Jan. 1, 2012.

Link to Statement:{NSN LRKM3C3V2800 <GO>}

To contact the editor responsible for this story: Stefanie Batcho-Lino at sbatcholino1@bloomberg.net


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