PITTSBURGH, Feb. 23,
2024 /PRNewswire/ -- Federated Hermes, Inc.
(NYSE: FHI), a global leader in active, responsible investing,
today announced that its board of directors nominated business
leader Karen L. Hanlon to stand for
election to the board as an independent director at the company's
Annual Meeting of Shareholders in April
2024. At that time, the board is expected to expand from six
to seven members.
Hanlon, who has more than 30 years of financial and leadership
experience, is executive vice president and chief operating officer
of Highmark Health, a $26 billion
blended health organization that serves millions of customers
nationwide. Hanlon is responsible for overseeing strategy and
long-term operations of Highmark Health and Highmark Inc., as the
organization focuses on bringing high-quality transformational care
and insurance products to its customers.
"Karen brings valuable leadership experience and a deep
background in accounting and finance to Federated Hermes' board of
directors, where her strategic vision and financial insights will
help the company continue to strive to serve our clients and
enhance shareholder value," said J. Christopher Donahue, president and chief
executive officer of Federated Hermes, Inc. "As Federated Hermes
continues to grow its global footprint, her business acumen will
prove instrumental as the company looks to innovate and
evolve."
Since 2018, Hanlon has served as chief operating officer for
Highmark Health, after serving as chief financial officer and
treasurer since 2014. At Highmark, she played a significant role in
strengthening the overall financial performance of the enterprise.
She began her career at the public accounting firm KPMG Peat
Marwick prior to joining Highmark Inc. in 1997. Hanlon earned her
bachelor's degree in accounting from Grove
City College.
Hanlon is expected to serve on the board's audit, compensation
and compliance committees.
Federated Hermes, Inc. is a global leader in active, responsible
investment management, with $757.6
billion in assets under management, as of Dec. 31, 2023. We deliver investment solutions
that help investors target a broad range of outcomes and provide
equity, fixed-income, alternative/private markets, multi-asset and
liquidity management strategies to more than 10,000 institutions
and intermediaries worldwide. Our clients include corporations,
government entities, insurance companies, foundations and
endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than
2,000 employees in London,
New York, Boston and offices worldwide. For more
information, visit FederatedHermes.com/us.
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SOURCE Federated Hermes, Inc.