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Resolute Investment Managers Appoints Veteran Company Executive as Interim CEO Following 2023 RecapitalizationResolute Investment Managers, Inc. ("Resolute" or the "Company"), a diversified, multi-affiliate asset management platform with more than 30 affiliated and independent relationships, announced today that the Board of Directors has appointed Rebecca L. Harris as interim President and CEO of Resolute. The appointment is effective as of May 1, 2024. Ms. Harris has more than 30 years of experience in the industry and has been with Resolute and its affiliate, American Beacon Advisors, since 1991. She currently serves on the executive team of the Company as Senior Vice President leading several strategic areas of the business, including Product Management, Corporate Development and Affiliate Relations. Ms. Harris previously served as the Company's Chief Financial Officer for 15 years. Ms. Harris's appointment underscores the Board's confidence in the firm's leadership team, which is one of the most experienced and longest-tenured in the industry, and its commitment to a thoughtful and methodical search for a permanent successor. Ms. Harris's appointment follows the planned resignation of Jeffrey K. Ringdahl, President and Chief Executive Officer of Resolute since 2022. Mr. Ringdahl informed the Resolute Board earlier this year of his intention to resign from his positions, which include his roles with the firm's affiliates, including serving as President and CEO of American Beacon Advisors. Mr. Ringdahl recently led the firm through its successful recapitalization transaction, putting the Company on a sound path toward its next phase of growth, which has been demonstrated by notable product and business development successes in 2024.
"We thank Mr. Ringdahl for his exceptional leadership and strong contributions to Resolute and American Beacon over the past 14 years," said Richard Goldman, a member of Resolute's Board of Directors. "Ms. Harris is a recognized leader within our company who has graciously agreed to serve as the interim CEO while we finalize our search for an executive candidate who understands the unique needs of Resolute's clients and partners, as well as the special culture of the team." About Resolute Investment Managers Resolute Investment Managers, Inc. is a diversified, multi-affiliate asset management platform with affiliated and independent relationships with more than 30 investment managers. Driven by future value creation, Resolute offers a unique platform that delivers strategic benefits through a full suite of distribution, operational and administrative services that may be leveraged by its affiliates. With roots as an unaffiliated sub-advised mutual fund sponsor, the majority of Resolute's partnerships are with asset managers who invest and operate with full autonomy and independence. Resolute's affiliates include American Beacon Advisors, Inc.; National Investment Services of America, LLC; RSW Investments Holdings, LLC; Shapiro Capital Management LLC and SSI Investment Management LLC. As of March 31, 2024, the affiliated companies of Resolute had $81.5 billion in assets under management. For more information, please visit www.resolutemanagers.com. About American Beacon Advisors American Beacon Advisors, Inc., an investment affiliate of Resolute Investment Managers, Inc., is an experienced provider of investment advisory services to institutional and retail markets. Established in 1986, American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations and other institutional investors, as well as retail clients. The firm also provides corporate cash management and fixed-income separate account management. American Beacon Advisors manages the American Beacon Funds, a series of competitively priced mutual funds and exchange-traded funds. The Funds employ a "manager of managers" investment style and currently include international and domestic equity, fixed income and money market funds. As of March 31, 2024, American Beacon Advisors had approximately $62.8 billion in assets under management. For more information, visit www.americanbeaconadvisors.com. RIM2024-PRESS-3 | 05/24
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