Richard S. Price was named chairman and CEO of Mesirow Financial Holdings, the company announced Friday.
He succeeds James C. Tyree, who died Wednesday.
Mr. Price was Mesirow president and chief operating officer. He had been managing the firm during the illness of Mr. Tyree, who was diagnosed with cancer in October. His appointment is effective immediately.
Information on who would replace Mr. Price as president and COO was not available.
Mr. Tyree owned 14% of Mesirow, whose ownership is spread among company employees. Mr. Price's ownership interest was not immediately available.