Raymond James announced this week that its CEO-in-waiting, Paul Shoukry, will be replaced in his prior role as chief financial officer by Butch Oorlog, currently the chief accounting officer of Raymond James Financial.
Paul Reilly, the outgoing CEO, who will remain board chairman, said the selection of Oorlog as CFO is another important step in a carefully coordinated succession planning process that is critical for the firm's ongoing success.
"The board, Paul Shoukry and I are confident that our long-term succession planning process has identified and developed capable and experienced leaders to partner with Paul as we build for the firm's future," Reilly said.
In another key appointment within the Private Client Group, Tom Walrond, a senior vice president and division director, has been named president of Raymond James and Associates, the firm's employee affiliation option. He replaces Tash Elwyn, who, as previously announced, will take on leadership of the overall Raymond James Financial Private Client Group after Scott Curtis becomes the firm's chief operating officer.
