Capital Group Names A New Chairman

New Chairman

The Capital Group recently announced that they had appointed and new Chairman of the Board. Tim Armour now serves as the Chairman of the management committee at Capital Research and Management Company. He will collaborate with other top executives to create a successful business strategy to help the company continue to grow and expand. This move is part of a larger plan that has been in place for several years. Tim Armour is taking the place of Jim Rothenberg who had tragically passed.

In the wake of losing such a talented and beloved leader, The Capital Group knew that they had to choose someone with the wide skill set that Jim Rothenberg possessed. They also knew that they had to appoint someone that was familiar with the company inside and out. When they took a close look at all of the potential candidates, Timothy Armour was the standout for the position. Timothy Armour had worked for over thirty years with the company and had worked his way up the corporate ladder.

In all, Timothy Armour serves as the Chairman of Capital Group Companies Management Committee as well as the Principal executive officer of Capital Research and Management Company Inc. and now Chairman of Capital Group Companies. He has been with the company for thirty-two years and began his career as an equity portfolio analyst. He now serves as an equity portfolio manager. He does have a great deal of responsibility with the company but that never compromises his quality of work and his decision-making abilities.

Since taking his new position he has incited great changes within the company that has served to facilitate growth and development of all departments. He hopes to be with the company many more years and help them to face the challenges that are presented to them in the future. Under his leadership, Capital Group is destined to prosper and provide the best products and services on the market. He was able to come to the company through The Associates Program. Tim Armour attended Middlebury College where he was able to earn his bachelor’s degree in economics. He currently resides in Los Angeles, California.

Related: Capital Group Board Elects Tim Armour as Chairman