NEW YORK--(BUSINESS WIRE)--Bruce Wasserstein, Chairman and CEO of Lazard Ltd (NYSE: LAZ), has passed away at the age of 61. Mr. Wasserstein had been hospitalized in serious condition for an irregular heartbeat. The exact cause of death has not yet been determined.
The Board of Directors issued the following statement: “We are shocked and greatly saddened by the passing of Bruce Wasserstein. He was a visionary leader, a devoted father to his children and a good friend. At Lazard, he has put into place a long-term strategy as well as a broad and deep leadership team, in whom we have confidence and who will sustain his vision. His commitment to his clients was legendary. Lazard’s Board of Directors, and the many people he worked with and mentored over the years, mourn his loss. We extend our sympathies to his family, particularly his wife and children, who meant the world to him.”
The Board of Directors of Lazard has named Steven J. Golub, Vice Chairman of Lazard Ltd as interim Chief Executive Officer, effective immediately. Mr. Golub, 63, has been with the firm since 1984, where he has served in various senior leadership positions, including CFO and Chairman of Lazard’s Financial Advisory business.
Mr. Wasserstein is survived by his wife and his children. He was pre-deceased by his parents.
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