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Armour joined the Janus Capital GroupBoard in March 2008 and served on the Board`s strategic planning committee,working closely with Janus` executive leadership on the firm`s strategy. Timwill assume day-to-day management of the company and assist the Board with therecruitment of a permanent successor. I`m proud of the progress Janus has madeduring the last five years and I am confident that the firm is well positionedto build on that success going forward." The firm will take a $12.1 million charge, including approximately $6.8 millionof cash and $5.3 million of non-cash consideration for the acceleration of Mr.Black`s unvested stock, options and mutual fund share awards. We thank him for his dedication in helping build Janusinto a world-class investment organization and wish him well in his futureendeavors." "The firm is in a much stronger place than when I joined, and the time is rightfor a change," said Black. "Long-term performance is strong, flows haverebounded, we have a broad diversified product platform, and we`ve built aglobal distribution footprint across both the intermediary and institutionalchannels that is gaining market share. "During Gary`s tenureJanus made significant progress on its goals, including strengthening the firm`sinvestment performance and risk-management, revitalizing the Janus brand,generating positive net flows,Nashville Predators sommet center and building out the firm`s product and globaldistribution platforms.Nashville Predators sommet center tickets Tim Armour, a Janus CapitalGroup Director, has been named chief executive officer on an interim basis.
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