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Eric Shostal joins the San
Francisco-headquartered firm as senior vice president of
research and engagement, and Aaron Bertinetti, an eight-year
Glass Lewis veteran who had been global head of research, said
he will leave the firm.
Glass Lewis helps shape the outcomes of major corporate ballots
and provides global governance services.
Shostal most recently worked at BlackRock Inc in its investment
stewardship group which determines how the mutual fund giant
casts its votes in corporate elections.
Glass Lewis also hired Dan Concannon as chief commercial officer
where he will oversee the company's worldwide sales functions.
He most recently worked at Concannon Consulting.
Both Concannon and Shostal once worked at Institutional
Shareholder Services, Glass Lewis' larger and more powerful
competitor.
"Dan and Eric have deep experience in ESG (environmental, social
and governance) and shareholder engagement within the
institutional investment community. We are thrilled to bring
their leadership and expertise to Glass Lewis to meet the
evolving needs of our clients," John Wieck, Glass Lewis' chief
operating officer, said in a statement.
The shakeup comes exactly a year after Katherine "KT" Rabin
stepped down as chief executive officer at a time Glass Lewis
was facing increasing competition from its main rival and
increased regulatory oversight by the U.S. Securities and
Exchange Commission.
(Reporting by Svea Herbst-Bayliss; Editing by Christopher
Cushing)
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