Richard Hough, president and chief operating officer of Silvercrest Asset Management Group, was named acting CEO, he confirmed.
The appointment comes as a result of the hospitalization of G. Moffett Cochran, the company's chairman and CEO. Mr. Cochran was listed in critical condition as a result of a previously disclosed medical condition, according to a news release; Mr. Hough wouldn't elaborate.
Mr. Cochran remains chairman of the company's board of directors.
Mr. Hough said the appointment is effective immediately and he will continue in his roles as president and COO for the time being.
