Thomas Bailey will step down as CEO and president of Janus, effective July 1. Mr. Bailey, 64, who launched and managed the $22.7 billion flagship Janus Fund in 1969, will remain chairman of the Janus funds board of trustees. Janus and parent company Stilwell Financial will work together to find a replacement, said Shelley Peterson, Janus spokeswoman. No time frame has been set to fill the positions, Ms. Peterson said.
Janus five-member management committee will continue to run the firms day-to-day operations. Helen Young Hayes, director of investments, and Jim Goff, director of research, will oversee the investment team that handles all Janus funds.