Waddell & Reed will not replace Hechler, according to the company. Instead, his responsibilities will be distributed among Thomas Butch, chief marketing officer, Michael Strohm, chief operations officer , John Sundeen, CFO, and Robert Williams, national sales manager.
Hechler also served as president of Waddell and Reeds broker/dealer subsidiary. Strohm will assume that title once Hechler retires at the end of 2001.
After retirement, Hechler will remain on the boards of directors of Waddell & Reed Financial and the Waddell & Reed mutual fund families. He is also a member of the board of governors of the
