Thomas Perkins, one of the founders of Perkins Investment Management, assumed the role of CEO Thursday following the “unexpected” resignation of Jeff Kautz, CEO and chief investment officer, said a letter from the firm to clients and obtained by Pensions & Investments.
In addition, Greg Kolb will assume the CIO role for the firm, which is owned by Janus Capital Group, according to the Wednesday letter. Mr. Kolb is a co-portfolio manager on Perkins's global value and international value equity strategies.
Mr. Kautz is scheduled to leave the firm April 5.
In an e-mailed comment to P&I, Mr. Kautz said he was with Perkins for 18 years. “I felt it was time for a change,” he said without going into details. He said his departure was voluntary and he has a one-year non-compete agreement that he wanted to set into motion. After that, he said he is considering several employment options including starting his own company.