Incoming Evergreen CEO Jumps Ship

Peter Cieszko, who was selected to become president and chief executive officer of Evergreen Investments next month, has suddenly left, “to pursue other opportunities,” the firm said.

Cieszko was supposed to assume the position two months ago, but that was delayed when Wells Fargo acquired Evergreen’s parent Wachovia in October. The news of Cieszko’s sudden departure could be due to shareholders’ vote on Tuesday afternoon to merge Wells Fargo’s investment line with Evergreen.

Cieszko had been with Evergeen since 2006, when he left Legg Mason, where he was president of global distribution, to become Evergreen’s president of global distribution.

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