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2mo ago

Ken Moelis to Step Down as Moelis & Co. CEO

The founder’s departure concludes a long-gestating succession plan that seeks to preserve leadership continuity through major media deals

Chief executive officer of Moelis & Co., Ken Moelis (C), smiles after ringing the bell to mark the company's IPO on the floor of the New York Stock Exchange shortly after the opening bell in New York April 16, 2014. REUTERS/Lucas Jackson/ File Photo
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Overview

  • Ken Moelis will become executive chairman on October 1, 2025, after leading the $4.6 billion investment bank since its 2007 founding.
  • Co-founder Navid Mahmoodzadegan will succeed Moelis as CEO and join the bank’s board of directors.
  • Co-president Jeff Raich will move into an executive vice chairman role overseeing key business areas.
  • Shares of Moelis & Co. declined 1.9 percent following the leadership announcement.
  • The firm continues to advise on high-profile transactions including Skydance Media’s pending $8 billion merger with Paramount Global.