| The Raymond James Financial, Inc. (NYSE: RJF) Board of Directors today announced the appointment of President Paul Shoukry to CEO of the company, effective February 20, 2025, completing the succession plan outlined in the March 2024 leadership announcement. At that time, Chair and CEO Paul Reilly will step down from his CEO responsibilities and become Executive Chair. |
| “Paul Reilly and the rest of the board fully agree the time is right to move forward with our long-term succession process,” said Jeff Edwards, Lead Independent Director. “Paul Shoukry is a gifted leader who is exceptionally qualified to partner with our strong senior leadership team. I know that he will build on the firm’s remarkable track record and legacy of world-class client service that began with Bob and Tom James and has flourished under Paul Reilly’s leadership. We are pleased that Paul Reilly will remain as a full-time Executive Chair, similar to how Tom and Bob James executed and supported their succession plans.” |
| “Reflecting his understanding and commitment to all of our businesses, Paul Shoukry has spent the months since our leadership change announcement travelling, meeting with and listening to hundreds of financial advisors and associates across the country,” said Reilly. “He has also been involved in virtually every critical meeting and decision I have made during this time, and this has only reinforced our appreciation for the attributes that made him an ideal CEO candidate. His wisdom, insightful perspective and acute understanding of our business combine with a commitment to a business grounded in both excellent client and advisor service. With Paul and our proven leadership team, I couldn’t be more confident in the future of the company.” |
| “Raymond James has an extraordinary history and has been built on time-tested values that we will always embrace. I am honoured to have the trust and support of Paul, Tom James and the board and am excited about our future,” Shoukry said. “My confidence in our outlook lies in our people - our leadership team, the financial advisors and associates who are all aligned on our mission of helping clients achieve their financial objectives.” |
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| Raymond James Financial, Inc. |
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