Mutual fund manager Aquila Investment Management has named Diana Herrmann has its new chief executive officer.
Herrmann, who joined the firm in 1986, will also continue in her role as president, a title she has held for seven years. Herrmann has been COO and president of Aquila since 1997. She was named vice chair early this year and serves on several of the Investment Company Institutes committees. She succeeds founder Lacy Herrmann as CEO. However, Lacy will continue on as chairman.