The company said Paul C. Reilly will step down as CEO at the close of the Annual Shareholders Meeting on February 20, 2025 and will serve as Executive Chair for a period to be set by the board.

1. 01

   The company said Paul C. Reilly will step down as CEO at the close of the Annual Shareholders Meeting on February 20, 2025 and will serve as Executive Chair for a period to be set by the board.

2. 02

   The company said the board unanimously appointed President and director Paul M. Shoukry (41) as CEO on December 3, 2024, effective upon Reilly's transition.

3. 03

   The company said Shoukry was responsible for the firm's overall financial management as Chief Financial Officer from January 2020 to September 30, 2024, joined the company in 2010 through its Assistant to the Chairman program, and currently oversees the Bank segment.

4. 04

   The company said Christopher Shoukry, Paul Shoukry's brother, has served as a Director at Alex. Brown and received cash compensation of $767,310 and LTIP contributions of $23,016 from October 1, 2023 to the present. The company said the Compensation and Talent Committee will approve compensation for Reilly and Shoukry in their new roles at a later date.

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Original filing

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