Richard Ennis, founder of Ennis, Knupp Associates will give up the role of president and chair of the firm’s management committee to Steve Cummings, who is rejoining the company March 6. Later in the year, Mr. Cummings also will take over Mr. Ennis’ job as CEO. Mr. Ennis will remain the chairman of the company and will continue to chair the investment research committee. Mr. Ennis will continue his active investment management consulting practice to some of the company’s largest clients. He also intends to become even more active in pursuing his interest in financial research.
Mr. Ennis said: "I’ve always done three things for the company: consulting, research and managing the firm. And the last one is hard work. I’m not tired of the business, but I want to be able to choose and I choose to leave the business of managing the company to Steve Cummings.’’ Mr. Ennis, who is 56, said he intends to work for many more years.
Mr. Cummings was a principal at Ennis, Knupp until 1997, when he left to become president of Marquette Associates. Officials from Marquette did not return calls by press time regarding Mr. Cumming’s replacement.
