Kevin Charleston was named CEO at Loomis Sayles & Co., effective May 1, said company spokeswoman Erin Heard.
He will replace Robert J. Blanding, who will retain his role as chairman.
“This is the right time to transfer my day-to-day responsibilities as CEO,” said Mr. Blanding in a news release. He was named chairman and CEO in April 1995 after joining Loomis Sayles in 1977.
Mr. Charleston was president of Loomis Sayles. He will retain this position in addition to his new role.
Loomis Sayles had $230.2 billion in assets under management as of Dec. 31.