Monday, June 9, 2008 - Page updated at 01:45 PM
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NewsvineRussell Investments CEO resigns
Russell Investments CEO Craig Ueland has resigned.
The financial management company announced Monday that board member John Schlifske will replace Ueland while the company looks for another chief executive. Schlifske, who comes from Russell Investments' parent company, Northwestern Mutual, also was also named the company's president.
Russell Investments has about 1,100 employees in downtown Tacoma. This past year, the city and the state drafted plans - including tax breaks - to keep the company from moving its headquarters.
Spokeswoman Jennifer Tice says Ueland resigned after he reached a decision with the board of directors. She gave no further details.
Copyright © 2008 The Seattle Times Company
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