Waddell & Reed Financial CFO Daniel Connealy To Retire - Quick Facts

(RTTNews) - Waddell & Reed Financial Inc. (WDR) announced that Daniel Connealy, 67, Senior Vice President and Chief Financial Officer, will retire from the position of Chief Financial Officer upon the filing of the Company's Annual Report on Form 10-K for the year ended December 31, 2013.

The company said that Connealy intends to continue his employment with the company in a non-executive role through June 2014 to assist in the transition of his responsibilities.

Connealy joined the company in 2004, bringing with him the experience as a CFO in the investment management industry and a long career as a partner with PricewaterhouseCoopers LLP.

In addition, the company said that its board intends to appoint Brent Bloss, 44, to succeed Connealy as Chief Financial Officer. Bloss is currently Senior Vice President-Finance, Treasurer and Principal Accounting Officer and has served in various finance and accounting roles since joining the company in 2002. Prior to joining the company, Bloss served as Senior Audit Manager with KPMG LLP.