RADNOR, Pa.--(BUSINESS WIRE)--Hartford Funds today announced that William P. Johnston will succeed Dr. Robert M. Gavin as Chairman of its Fund Board. Hartford Funds recently announced that Dr. Gavin would be retiring as board chair in mid-August due to the Funds’ mandatory retirement policy. Mr. Johnston has served on the Fund Board as a Director since 2005, acting as the Chair of the Compliance Committee throughout his tenure.
“Will is a natural choice for our next Chairman of the Board. Over the course of a decade, he has been instrumental in providing our Funds with strategic guidance and insight based on his extensive career,” said Jim Davey, President of Hartford Funds. “We look forward to continuing our forward momentum under Will’s leadership.”
Mr. Johnston, of Nashville, Tennessee, is a Senior Advisor to the healthcare team at global alternative asset management firm, The Carlyle Group, and is a former attorney with more than four decades of experience in investment banking and healthcare. Mr. Johnston was Chief Executive Officer of Equitable Securities Corporation and Board Chair of Renal Care Group. He serves on the Supervisory Board of Fresenius Medical Care AG & Co. KGaA, and is a Board member of HCR-ManorCare, Inc.
“Will’s background and experience in law, investment banking and in the boardroom will offer tremendous value to our Funds’ oversight and guidance going forward,” continued Davey. “I have confidence that he will build upon Dr. Gavin’s legacy, helping us to deliver value to our Fund shareholders by continuing to live the philosophy behind our tagline of ‘Our benchmark is the investor.SM’”
About Hartford Funds
Founded in 1996, Hartford Funds is a leading provider of mutual funds and 529 college savings plans. Using its human-centric investing approach, Hartford Funds creates strategies and tools designed to address the needs and wants of investors. Leveraging partnerships with MIT AgeLab and leading practice management experts, Hartford Funds delivers insight into the latest demographic trends and investor behavior. Hartford Funds offers a diverse line-up of more than 45 mutual funds, sub-advised by Wellington Management, designed to address the challenges investors face and includes equity, fixed-income, multi-strategy, and alternative investments. The Company has mutual fund assets under management of $76.3 billion as of June 30, 2015 (excluding assets used in certain annuity products). For more information about the fund family, visit www.hartfordfunds.com.
All investments are subject to risks, including possible loss of principal.
Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.
Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC. Hartford Funds Distributors, LLC is a subsidiary of The Hartford Financial Services Group Inc.
“The Hartford” is The Hartford Financial Services Group Inc. and its subsidiaries. Wellington Management Company, LLP is a SEC-registered investment adviser and an independent and unaffiliated sub-adviser to Hartford Funds.
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in The Hartford’s Quarterly Reports on Form 10-Q, our 2014 Annual Report on Form 10-K and the other filings The Hartford makes with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
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