Invesmart Names Permanent CEO

Invesmart, the Pittsburgh-based retirement financial services firm, today announced that Kent Buckles has been named CEO of the firm effective immediately. He replaces Craig Kirsh, who served as acting CEO for the past year.

Kirsh, who specializes in taking companies public, was named acting CEO after Jeb Britton, the firm’s original CEO left. At the time, going public was a consideration for Invesmart, a spokesman for the firm said. Because that is no longer part of the company plan, Invesmart hired a permanent CEO and Kirsh left the firm to pursue other opportunities, the spokesperson said.

Buckles has worked in the retirement industry for more than 20 years. In 1988, he joined Johnson & Co., a benefits consulting and administration firm, where he led the company’s operations and benefits consulting business until he was named CEO. In 1998, during his reign as head of the company, Johnson & Co. was acquired by Merrill Lynch, and Buckles remained on as CEO.

Prior to serving with Johnson & Co., Buckles worked as a technical sales associate for Northwestern Mutual Life Insurance Co., and as an attorney for the group pension division of MassMutual Life Insurance Co.

Founded in May 1999, Invesmart represents more than 7,000 retirement plans and 550,0000 plan participants, and has more $10 billion in assets under management.

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