Capital Group Chairman: A Model of Financial and Market Expertise

Having served in his elected position as Chairman of The Board of Directors for Capital Group for nearly 2 years, Tim Armour has built a strong reputation based upon his economics acumen and financial leadership abilities.

 

In a 2015 Q&A on market conditions after the sell-off sparked by the Chinese devaluation of their currency, Armour presented his view that the bearish event was a result of factors that went beyond China’s currency. He stated that following its 6 year bullish run, that the stock market was adjusting from valuations that had become inflated for “some companies and sectors.” With regards to the influence of the Asian monetary event’s impact, Armour said that the market was experiencing “growing pains” stemming from the transition from a closed investment-led economy to a more open consumer-led market. He advised that we should expect further “rockiness” related to that transition. Armour closed the panel’s discussion with his optimistic sentiment that financial conditions were much stronger than they were prior to the market sell-off, citing improved capital ratios for banks in the United States and in Europe. He added that Capital Group’s global investor network was viewing the market volatility as an investment opportunity and learn more about Tim.

 

Tim Armour was also a member of a group of investors and CEO’s that drafted a set of governance principles for public companies. The group describes the standards as a set of commonsense recommendations about the roles and responsibilities of boards, companies and shareholders. The group included Warren Buffett, Mary Barra, CEO of General Motors and Jeffrey Uben of ValueAct Capital. Among the issues contained in their recommendations document were the equity provisions of executive compensation packages, dual class shareholder voting and a request that firms frame their strategies and outlooks on factors that have an impact on the goals of the public companies and more information click here.

 

Tim Armour holds a bachelor’s degree from Middlebury College and has 34 years of investment experience. He was elected to his position as Chairman following the passing of the former Chairman, Jim Rothenberg. The appointment was part of management’s succession plan that had been in progress for several years prior and Tim’s lacrosse camp.

 

Other Reference: http://www.investmentnews.com/article/20150729/FREE/150729863/capital-group-parent-names-armour-chairman-replacing-rothenberg