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P10 COO William Souder to retire in May

2024.02.09 22:10


© Reuters.

DALLAS – P10, Inc. (NYSE: PX), a supplier of personal market options in the choice asset administration sector, has introduced the upcoming retirement of its Chief Operating Officer, William “Fritz” Souder. Mr. Souder is about to retire in May 2024, with the corporate planning to reallocate his obligations prior to his departure.

Mr. Souder has been pivotal in P10’s development, contributing considerably from the corporate’s early levels via its evolution right into a outstanding agency. His tenure included roles from being one of many founding companions of RCP, an funding technique beneath P10’s umbrella, to his present place as COO.

Luke Sarsfield, CEO of P10, expressed gratitude for Souder’s devoted service, which benefited not solely the corporate’s stakeholders but in addition varied neighborhood organizations he supported. The agency will present updates on the forthcoming adjustments to its organizational construction through the earnings name scheduled for February 29, 2024.

P10 serves a world investor base, together with among the largest pension funds, endowments, and monetary establishments, with a presence throughout 50 states and 60 international locations. The agency’s mission is to provide various funding options inside non-public markets.

The firm’s governance consists of provisions in its Certificate of Incorporation to shield tax advantages related to its web working losses. These guidelines forestall share transfers that will create or improve the possession of a 4.99% shareholder, guaranteeing the integrity of P10’s tax place.

This article was generated with the help of AI and reviewed by an editor. For extra data see our T&C.

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