Crawford and Cruz Resign Board Seats, Continue As Co-Presidents of Morgan Stanley.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The Board of Directors of Morgan Stanley See: New York Stock Exchange : MWD MWD Metropolitan Water District of Southern California MWD Measurement While Drilling (oil drilling) MWD Morgan Stanley Dean Witter (stock symbol) MWD Molecular Weight Distribution MWD Military Working Dog ) today announced that Stephen Crawford and Zoe Cruz have resigned from their positions on the Board. They continue to serve as Co-Presidents of the company. Miles Marsh, the lead director of the Board, said, "Steve and Zoe joined the rest of the Board today in unanimously electing John Mack as Chairman and Chief Executive Officer. They voluntarily stepped down as Directors to allow the Chairman and the Board greater flexibility in shaping the Board's composition. We are fortunate to have Steve and Zoe as valuable members of our senior management team and we appreciate their actions on behalf of the company." Morgan Stanley is a global financial services firm and a market leader in securities, investment management, and credit services. With more than 600 offices in 28 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations. |
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