Monica Walker was named president of Holland Capital Management, filling the role of CEO Louis Holland, who retired. Ms. Walker is a founding partner of Holland Capital, serving most recently as CIO of the firm’s equity group. She will not be given the CEO title.
The firm had been working on a succession plan for years and started a more formal process in March 2007, Ms. Walker said in an interview. At that time, the other founding partners were promoted to managing directors and Mr. Holland stepped back from day-to-day management. “There will be no changes to our investment philosophy or process,” Ms. Walker said.
Ms. Walker was also nominated by the firm’s trustees to replace Mr. Holland on the board of trustees, subject to her election by shareholders. Mr. Holland will continue to serve as a trustee in the interim, according to a news release from the firm.
Holland Capital has $2.1 billion in assets under management in equity and fixed-income strategies.