Legg Mason Inc. expands board by adding two directors

One new director helped Legg with CEO search

By Eileen Ambrose, The Baltimore Sun

10:42 AM EDT, June 6, 2013


Legg Mason Inc. has expanded its board of directors, adding two independent members, the Baltimore based money manager announced Thursday.

Joining the board are John V. Murphy, a formerly of Korn/Ferry International, and John H. Myers, a retired president and CEO of GE Asset Management. These addition increase the board to 16 members.

Legg hired Korn/Ferry last year to assist in its quest for a new CEO and Murphy had worked on the search. In a regulatory filing, Legg said that it paid Korn/Ferry about $900,000 and Murphy left the company at the end of December.