New Multi Headed Management Structure For Lazard (LAZ)

The New York Post says that the investment banking company Lazard Ltd (NYSE: LAZ) will have more than one person to take it forward. The NY Post also says that Lazard’s may name Ken Jacobs at its next CEO.

Current Interim CEO – Steve Golub, may get to become the next Chairman. Lazard’s current Vice Chairman Gary Parr may also have to shoulder more responsibilities. Lazard’s lost its iconic CEO Bruce Wasserstein last month; he died. Although Lazard’s needs to find a replacement for him, the investment banking firm seems be in no hurry to do that. The NY Post quoted an inside source saying that Lazard’s may appoint the CEO only after 2 weeks.