County Cham­ber rec­og­nizes Van­guard

Mu­tual fund firm’s Chair­man and CEO Bill McNabb and his lead­er­ship team given award at busi­ness group’s an­nual din­ner

Daily Local News (West Chester, PA) - - BUSINESS - By Brian McCul­lough bm­c­cul­lough@21st-cen­tu­ry­media.com @wc­dai­ly­lo­cal on Twit­ter

EAST MARL­BOR­OUGH >> The Ch­ester County Cham­ber of Busi­ness & In­dus­try rec­og­nized the county’s big­gest em­ployer with its Ex­ec­u­tive of the Year honor.

In a twist on the usual award, Van­guard Chair­man and CEO Bill McNabb con­vinced the cham­ber to ex­pand the award by nam­ing Van­guard’s se­nior lead­er­ship team as its 2016 Ex­ec­u­tives of the Year.

More than 500 mem­bers of Ch­ester County’s busi­ness com­mu­nity at­tended the cham­ber’s an­nual din­ner Thurs­day to wit­ness the award pre­sen­ta­tion and en­joy net­work­ing and food on the lush grounds of Long­wood Gar­dens.

“Van­guard has long been a val­ued mem­ber and part­ner of CCCB & I,” said Kim Brum­baugh, the cham­ber’s chair­man, in an­nounc­ing Van­guard’s recog­ni­tion. “As the largest em­ployer head­quar­tered in Ch­ester County, Van­guard has helped to drive the county’s eco­nomic growth. The se­nior lead­er­ship team has been a true sup­porter of our mis­sion and our board, and the team’s 12 mem­bers are lead­ers within our com­mu­nity.”

Guy Ciar­roc­chi, pres­i­dent and CEO of the cham­ber, echoed those sen­ti­ments after rec­og­niz­ing the Van­guard ex­ec­u­tives.

The awards com­mit­tee picks win­ners based on the per­for­mance of their com­pa­nies’ per­for­mance and their in­volve­ment in the com­mu­nity and with the cham­ber, Ciar­roc­chi said.

“Van­guard cer­tainly de­serves this recog­ni­tion based on that cri­te­ria,” the cham­ber pres­i­dent said. “In addi-

“The (Van­guard) se­nior lead­er­ship team has been a true sup­porter of our mis­sion and our board, and the team’s 12 mem­bers are lead­ers within our com­mu­nity.” – Ch­ester County Cham­ber of Busi­ness & In­dus­try Chair­man Kim Brum­baugh

tion, they are an in­ter­na­tional com­pany that has kept Ch­ester County as their home.”

Ciar­roc­chi noted that McNabb has been a tire­less ad­vo­cate for early child­hood ed­u­ca­tion while Van­guard has sup­plied the cham­ber with board mem­bers and venues for cham­ber events.

“They give us their ex­per­tise,” Ciar­roc­chi said.

The cham­ber picked a good year to rec­og­nize the mu­tual fund gi­ant based along Route 202 in Tredyf­frin and East White­land near Malvern. Through Oc­to­ber, Van­guard saw $250.6 bil­lion in new money pour in to its funds, McNabb noted. It now em­ploys some 10,000 peo­ple in Ch­ester County and has around $4 tril­lion un­der man­age­ment.

McNabb, who be­came CEO of Van­guard eight years ago, noted the im­por­tance of Ch­ester County to the growth of the com­pany.

“We would not be the com­pany we are if we weren’t lo­cated here,” said McNabb, not­ing the com­pany’s roots with founder John C. Bogle in 1975 struc­tur­ing Van­guard as a client-owned mu­tual fund com­pany with no out­side own­ers seek­ing prof­its.

The com­pany to­day ben­e­fits from its prox­im­ity to top col­leges like Vil­lanova, Penn, Drexel, Tem­ple, St. Joe’s, Penn State and the state-run schools.

“There are great sec­ondary schools here as well,” McNabb said. “There’s a great sense of com­mu­nity and ed­u­ca­tion.”

He said the re­gion is one “with a lot of or­ga­ni­za­tions that dream big.”

In ad­di­tion to McNabb, Van­guard’s se­nior lead­er­ship team that re­ceived recog­ni­tion are:

• Tim Buck­ley, chief in­vest­ment of­fi­cer;

• Kathy Gubanich, man­ag­ing di­rec­tor of hu­man re­sources (re­tir­ing 2016);

• John James, man­ag­ing di­rec­tor of hu­man re­sources (in­com­ing);

• Martha King, man­ag­ing di­rec­tor of the In­sti­tu­tional In­vestor Group;

• John Mar­cante, man­ag­ing di­rec­tor of in­for­ma­tion tech­nol­ogy;

• Chris McIsaac, man­ag­ing di­rec­tor of plan­ning and devel­op­ment;

• Jim Nor­ris, man­ag­ing di­rec­tor of the In­ter­na­tional di­vi­sion;

• Tom Ram­pulla, man­ag­ing di­rec­tor of the Fi­nan­cial Ad­vi­sor Ser­vices di­vi­sion;

• Glenn Reed, man­ag­ing di­rec­tor of strat­egy;

• Karin Risi, man­ag­ing di­rec­tor of the Re­tail In­vestor Group;

• Anne Robin­son, gen­eral coun­sel (in­com­ing);

• Mike Rollings, chief fi­nan­cial of­fi­cer;

• Heidi Stam, gen­eral coun­sel (re­tir­ing 2016),

Fol­low­ing the pre­sen­ta­tion, McNabb said the com­pany is “al­ways hir­ing” and re­cruits heav­ily on col­lege cam­puses.

He noted the com­pany re­cently opened an of­fice in Philadel­phia ded­i­cated to in­no­va­tion and said the com­pany picked up a lot of of­fice space along Route 202 in re­cent years. Van­guard con­tin­ues to own prop­erty in north-cen­tral Ch­ester County near the Downingtown In­ter­change of the Penn­syl­va­nia Turn­pike but has no im­me­di­ate plans for it, McNabb said.

“We will con­tinue to hold on to it,” he said.

As for the busi­ness out­look fol­low­ing last week’s pres­i­den­tial elec­tion, McNabb ex­pressed op­ti­mism.

“We’ve just come through a bruis­ing po­lit­i­cal sea­son,” he said. “It’s from the bot­tom up that good work gets done. That’s im­por­tant to re­mem­ber. I see a lot of en­ergy from all of the peo­ple here.”

PETE BANNAN — DIG­I­TAL FIRST ME­DIA

Van­guard’s se­nior lead­er­ship team in­cludes: Anne Robin­son, Glen Reed, Kathy Gubanich, Chair­man and CEO Bill McNabb, Martha King, and Tom Ram­pulla. They re­ceived the 2016 Ex­ec­u­tives of the Year award from Ch­ester County Cham­ber of Busi­ness & In­dus­try at the an­nual din­ner Thurs­day at Long­wood Gar­dens.

PETE BANNAN — DIG­I­TAL FIRST ME­DIA

Ch­ester County Com­mis­sioner Kathi Coz­zone, Frances M. Shee­han, CEO of the Brandy­wine Health Foun­da­tion, for­mer County Com­mis­sioner Colin Hanna and Mau­reen To­moschuk, pres­i­dent and CEO of Com­mu­nity Vol­un­teers in Medicine, talk at the Ch­ester County Cham­ber of Busi­ness & In­dus­try An­nual Din­ner Thurs­day at Long­wood Gar­dens.

PETE BANNAN — DIG­I­TAL FIRST ME­DIA

The Ch­ester County Cham­ber of Busi­ness & In­dus­try’s an­nual din­ner was held Thurs­day at Long­wood Gar­dens.

PETE BANNAN — DIG­I­TAL FIRST ME­DIA

Guy Ciar­roc­chi, pres­i­dent and CEO of the Ch­ester County Cham­ber of Busi­ness & In­dus­try, speaks at the cham­ber’s an­nual din­ner Thurs­day at Long­wood Gar­dens.

PETE BANNAN — DIG­I­TAL FIRST ME­DIA

Van­guard Chair­man and CEO Bill McNabb speaks at the Ch­ester County Cham­ber of Busi­ness & In­dus­try an­nual din­ner Thurs­day at Long­wood Gar­dens. McNabb and Van­guard’s se­nior lead­er­ship team were named its 2016 Ex­ec­u­tives of the Year.

PETE BANNAN — DIG­I­TAL FIRST ME­DIA

Penn­syl­va­nia state Reps. Harry Lewis Jr., left, and Becky Corbin, cen­ter, with F. William Bogle of Ge­n­e­sis Pack­ag­ing at the Ch­ester County Cham­ber of Busi­ness & In­dus­try Din­ner Thurs­day at Long­wood Gar­dens.

PETE BANNAN — DIG­I­TAL FIRST ME­DIA

Penn­syl­va­nia State Rep. Tim Hen­nessey ac­knowl­edges the au­di­ence at the Ch­ester County Cham­ber of Busi­ness & In­dus­try Din­ner.

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