Envestnet has announced that William Crager will serve as its ongoing CEO.
The Chicago-based fintech giant’s board of directors said in a Monday evening press release that Crager, who has been serving as the company’s interim CEO since the death of Envestnet founder and CEO Jud Bergman in October 2019, will assume that role on a permanent basis effective immediately.
“I am honored and humbled to lead Envestnet,” Crager said in a statement. “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.”
Crager, who co-founded the company and has served as its president since 2002, was already serving as chief executive of Envestnet Wealth Solutions, its enterprise wealth management services arm.
Envestnet also announced that Stuart DePina will replace Crager as its president, James Fox as its chairman and Charles Roame as its vice chairman.
DePina has been chief executive of Envestnet Data and Analytics since January 2019, previously serving as president of Tamarac, which was acquired by Envestnet in 2012.
Fox, who has served on Envestnet’s board since 2015, was previously CEO and president of FundQuest, which was acquired by Envestnet in 2011. Roame, who has served on the board since 2011, is currently managing partner of Tiburon Strategic Advisors.