Cohen & Steers Announces Chief Financial Officer Transition
Rhea-AI Summary
Cohen & Steers (NYSE:CNS) announced that Executive Vice President and Chief Financial Officer Raja Dakkuri will resign effective October 17, 2025, to pursue another opportunity. The company has appointed Michael Donohue, currently Senior Vice President and Controller, as Interim CFO.
Donohue, who has served as Senior VP and Controller since May 2023, brings significant experience from his previous roles at Hamilton Lane, where he helped lead the company's IPO in 2017, as well as positions at PQ Corporation and KPMG. The company has initiated a search for a permanent CFO successor, considering both internal and external candidates.
Positive
- Smooth transition plan with experienced internal candidate as Interim CFO
- New Interim CFO brings IPO and public company experience
- Proactive search initiated for permanent successor
Negative
- Departure of key executive (CFO) with short notice
- Potential disruption in financial leadership during transition period
Joseph Harvey, Chief Executive Officer, said:
"Raja has made a positive impact on our firm and finance department. We thank him for his contributions to Cohen & Steers and wish him continued success. Mike has direct, broad-based experience in our financial and accounting functions as a senior member of the finance department, and is well prepared to lead the department as interim Chief Financial Officer."
Mr. Donohue has served as Senior Vice President and Controller of the company since May 2023. He was previously a Managing Director and Corporate Controller for Hamilton Lane, where he helped lead the team that led the firm's IPO in 2017 and transitioned its Finance and Reporting functions. Prior to joining Hamilton Lane in 2008, he was Assistant Controller at PQ Corporation and a Manager at KPMG.
About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in
CONTACT: Robert Klemens
Vice President, Communications
media@cohenandsteers.com
Website: https://www.cohenandsteers.com
Symbol: NYSE: CNS
Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current views with respect to, among other things, the Company's operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "may," "will," "should," "seeks," "predicts," "intends," "plans," "estimates," "anticipates" or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these forward-looking statements. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
Cohen & Steers, Inc.
1166 Avenue of
212 832 3232
Contact:
Robert Klemens
Vice President
Communications
212 796 9377
View original content:https://www.prnewswire.com/news-releases/cohen--steers-announces-chief-financial-officer-transition-302556781.html
SOURCE Cohen & Steers, Inc.
FAQ
When is Cohen & Steers (CNS) CFO Raja Dakkuri leaving the company?
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