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February 22, 2023 01:17 PM

Fund Evaluation Group sets succession plan for CEO

Palash Ghosh
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    Alan Lenahan and Becky Wood

    J. Alan Lenahan and Rebecca S. Wood

    J. Alan Lenahan will take over as CEO of Fund Evaluation Group on Jan. 1, 2024, upon the retirement of current CEO Rebecca S. "Becky" Wood.

    William G. Goslee was also named president of the firm, effective Jan, 1, 2024, also succeeding Ms. Wood, according to a news release Wednesday.

    Ms. Wood, who has been at the firm for more than three decades, will "work closely" with Mr. Lenahan and Mr. Goslee throughout 2023 to "provide continuity to clients," the news release said.

    Ms. Wood will also assume the role of board chairwoman upon her retirement.

    Mr. Lenahan has been with FEG since 2002 and has served as co-CIO for the past seven years. Mr. Goslee has been with the firm since 2008 and has served as head of institutional services for the past four years.

    An FEC spokeswoman confirmed in an email that Mr. Goslee will be staying on as head of institutional services until the end of the year.

    In addition, Nolan Bean, head of portfolio management, has been elevated to co-CIO, effective immediately, alongside current co-CIO Greg Dowling, the release said.

    As co-CIOs, Mr. Bean will lead the portfolio management team and Mr. Dowling will continue to oversee the research team.

    The spokeswoman said Mr. Bean will remain as head of portfolio management

    Also, Kathryn Mawer and Jeff Weisker each have been promoted to managing director within the institutional services team. Ms. Mawer and Mr. Weisker's each previously had the title of senior vice president-adviser.

    In this role, Ms. Mawer is responsible for leading the growth and expansion of FEG's outsourced CIO services, while Mr. Weisker leads a team of advisers that serve community foundation, health-care and retirement plan clients.

    FEG provides investment consulting, portfolio management and research services to clients nationwide. The firm has about $70 billion in total client assets under advisement, as of Sept. 30.

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