Jefferies CFO Peg Broadbent dies of complications

Hyatt imposes furloughs, pay cuts as coronavirus hurts hotels


The chief financial officer of Jefferies Group has died due to complications linked to the coronavirus, the company announced. He was 56.

In a joint statement Sunday, Jefferies CEO Rich Handler and chairman Brian Friedman said they are “heartbroken” at the loss of Peg Broadbent, who they credit with Jefferies’ growth for more than a dozen years.

“Part of what made Peg the great partner he was to all of us was his core humanity,” Handler and Friedman said in their statement. “No matter what the occasion, his decency, calmness and dry wit were always there, always making things better. We will miss him terribly.”

Broadbent is survived by his wife and five children.

Teri Gendron, who currently serves as CFO of Jefferies Financial Group, will replace Broadbent on an interim basis.

As of Monday, the death toll in the U.S. from COVID-19 topped 2,500, with more than 143,000 confirmed cases.


Source link

By Javier Manning

Javier has been in the field of content writing for almost 8 Years as he hails from the Biotechnology background. The edifying articles portray her craving towards language. His keen hobby of reading technological innovations related books or articles has sown the seed of being a well-versed editor with the current scenario of numerous industry verticals. He is one of the valuable assets to this publication. The Industry News Press has awarded him with a senior editors post based on his skillful performance to date.