James Boyne plans to step down as president and chief operating officer of Calamos Investments effective Sept. 30, eight months after being promoted to president, Mr. Boyne said in a telephone interview.
Until that time, Mr. Boyne will act in an advisory role and assist the company with transitioning his duties and responsibilities to other executives.
The firm does not plan to replace the role of president and COO, according to a Calamos statement. Mr. Boyne's responsibilities will be assumed by other senior leaders at Calamos, including the firm's executive and operating committees.
Mr. Boyne has decided to pursue a leadership position in the non-profit sector, focusing on helping children and young adults, he said. Mr. Boyne and his family will be relocating to Steamboat Springs, Colo. He said he was unable to disclose the name of the non-profit organization because they are planning to announce his hiring next week.
“We've made Steamboat Springs our second home for the past 15 years. I love this business, but an opportunity came up that would benefit my family and give back to a community that we've really grown fond of,” Mr. Boyne said.
Mr. Boyne joined Calamos Investments in April 2008 and served in a number of executive positions since then. He was named president and COO in January. Prior to this promotion, he was executive vice president and COO.