Could be related22 Dec 2008 15:39
Atlanta – December 11, 2008 – Invesco today announced that Ben F.
Johnson III has been elected to its Board of Directors. Mr. Johnson is currently a
partner at Alston & Bird LLP and served as the firm's managing partner from 1997
until earlier this year. Mr. Johnson will join the board immediately following his
retirement from Alston & Bird, expected to occur on December 31, 2008.
“Ben Johnson brings proven leadership, deep legal knowledge and broad business
experience to Invesco’s Board,” said Martin L. Flanagan, president and chief
executive officer of Invesco. “Ben is a highly respected leader in the Atlanta
community and we look forward to benefiting from his judgment and expertise as
he joins our Board.”
Additionally, Jerome P. Kenney has resigned his position as a director, effective
December 10, 2008. Mr. Kenney joined the company’s Board in January 2008
upon his retirement from Merrill Lynch & Co. Recently, at the request of Merrill
Lynch, Mr. Kenney became an adviser to BlackRock, its 49.9% owned affiliate and
a competitor to Invesco. Mr. Kenney and Invesco mutually agreed it would be
best for Mr. Kenney to resign his Invesco Board seat due to potential conflicts of
interest that may arise from his maintaining both roles.