Margaret “Peg” McGetrick was named interim CEO of Grantham, Mayo, Van Otterloo & Co., said a statement provided by the company.
Effective July 1, Ms. McGetrick will replace Brad Hilsabeck, who is resigning effective June 30. Mr. Hilsabeck will remain on GMO's board. Information on Mr. Hilsabeck's plans could not be learned by press time.
Ms. McGetrick is a member of GMO's board. Ms. McGetrick was a portfolio manager on GMO's international active equity team from 1984 to 1996 and was partner of the firm from 1988 through 1997. Upon leaving GMO, she founded Liberty Square Asset Management, which has closed, according to its ADV. She rejoined GMO as a member of the board in 2011.
Spokesman Tucker Hewes declined to provide information on a search process for a permanent replacement.