Vanguard CEO Tim Buckley to Retire: What's Next for the Investment Giant?

Investment behemoth Vanguard said late Thursday that Chief Executive Tim Buckley will retire at the end of the year, and that its board has started a “comprehensive” selection process to find his successor. This announcement marks a significant transition for the world's second-largest asset manager. Vanguard announced that Tim Buckley will retire from his role as Chairman and Chief Executive Officer by year-end 2025 after a dynamic and highly successful tenure as CEO and more than three decades with the firm.

The news has sent ripples through the financial industry, prompting questions about the future direction of Vanguard and its continued commitment to low-cost investing. Tim Buckley, the company's chairman and chief executive, is set to retire by the end of 2025, the fund company said Tuesday, marking the end of a notable 33-year career. During his leadership, Vanguard has seen substantial growth and continued its mission of providing accessible investment options for all.

Stay tuned for updates on the search for a new CEO and what this leadership change means for Vanguard investors and the broader market.