The corporate makeover at Janus Capital continued last week as CEO Mark Whiston, 42, quit and was replaced by board chairman Steve Scheid, 50.

Whiston, a 14-year Janus veteran, and the last high-profile face from the old-regime at the Denver fund shop, will also relinquish his seat on the Janus board of directors. He will, however, stay on with the firm through the end of the year to help with the management transition and to assist with client relations, the firm said.

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