Envestnet Announces Leadership Appointments

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The Board of Directors of Envestnet, Inc. announced today the following leadership appointments, effective immediately:

  • William Crager as Chief Executive Officer of Envestnet, Inc.
  • Stuart DePina as President of Envestnet, Inc.
  • James Fox as Chairman of the Board of Directors
  • Charles Roame as Vice Chairman of the Board of Directors

Mr. Crager, a co-founder of the company and President since 2002, has served as Interim Chief Executive Officer since the tragic accidental death of Envestnet Founder and CEO Jud Bergman in early October 2019, and was named Chief Executive of Envestnet Wealth Solutions in January 2019.

Mr. DePina has served as Chief Executive of Envestnet Data & Analytics since January 2019. He previously was President of Tamarac, a company Envestnet acquired in 2012.

Mr. Fox has served as a board member since 2015. He was previously Chairman, CEO and President of FundQuest, a company Envestnet acquired in 2011.

Mr. Roame has served as a board member since 2011. He is currently Managing Partner of Tiburon Strategic Advisors, a provider of research, strategy consulting and other related services primarily to financial services firms.

“I want to commend Bill for his ongoing dedication, vision and commitment to Envestnet while the Board determined the appropriate leadership structure for the company,” said Ross Chapin, who served as Interim Non-Executive Chairman since October 2019, and previously as Lead Independent Director. “I’m confident that Bill, Stuart and their team will lead Envestnet successfully into its next chapter, continuing to create value for clients, employees and shareholders.” Mr. Chapin will remain a board member.

“I am honored and humbled to lead Envestnet,” said Mr. Crager. “Having had the tremendous fortune to have partnered with Jud over the last 20 years, I am certain of our capabilities and the opportunity ahead of us. I also know the conviction and resolve Envestnet has to achieve it.”

ABOUT ENVESTNET

Envestnet, Inc. is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet’s unified technology empowers enterprises and advisors to more fully understand their clients and deliver actionable intelligence that drives better outcomes and improves lives. Envestnet Wealth Solutions enables enterprises and advisors to better manage client outcomes and strengthen their practices through its Wealth Management Operating System and advanced portfolio solutions. Envestnet | Tamarac provides portfolio management, reporting, trading, rebalancing and client portal solutions for registered investment advisors (“RIAs”). Envestnet | MoneyGuide provides goals-based financial planning applications. Envestnet Data & Analytics enables innovation and insights through its Envestnet | Yodlee data aggregation platform. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences and help drive better outcomes for enterprises, advisors and their clients. For more information on Envestnet, please visit www.envestnet.com.

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