Cohen & Steers, Inc. (NYSE: CNS) have announced that Robert H. Steers, Co-Founder and Chief Executive Officer of the Company and a member of its Board of Directors, is taking a medical leave of absence. In connection with Mr. Steers' leave of absence, on February 21, 2021 the Company's Board of Directors appointed Joseph M. Harvey, the Company's President and a member of its Board of Directors, as Acting Chief Executive Officer.
Joseph Harvey, President & Acting Chief Executive Officer, said, "Bob experienced a brain aneurysm on Saturday, February 20, 2021. He underwent successful surgery to repair the aneurysm and is currently in intensive care. As we remain focused on delivering for our clients, we wish Bob and his family the very best."
On this appointment, Martin Cohen, Co-Founder & Chairman, said, "We have exceptional corporate leadership and we will move forward with no interruption to our business and growth initiatives. Our commitment to our clients, shareholders and employees remains as strong as ever."