Moelis announces resignation of member of board

Moelis and Company

Moelis & Company announced that Stephen F. Bollenbach has resigned from the Board of Directors, effective immediately.

Bollenbach’s decision to resign from the Board was not due to any disagreement with the Firm’s management or the Board. The Firm intends to seek to appoint a new director to the Board by the end of the third quarter this year.

During Bollenbach’s tenure, he served as Chairman of the Audit Committee and Chairman of the Compensation Committee.

Ken Moelis, Chairman and CEO of Moelis & Company, said 'Steve is an active member of several other public companies and non-profit boards, and as our franchise continues its growth, we both agreed that the potential for the perception of conflicts with our advisory business could arise'.

'Steve provided invaluable counsel and support during a pivotal time in our Firm’s development and we thank him for his guidance and are grateful for the contributions he has made to the Board and to Moelis & Company'.

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