Capital Group’s New Chairman – The Last Company Man?

Few these days work their way up the ladder the way Timothy Armour has. The trend nowadays is to jump from company to company, but Armour dedicated his career to Capital Group and in 2015 it paid off big when he became its chairman and chief executive officer.

While Armour didn’t start in the proverbial mail room, he did begin it as a participant in Capital’s “Associates Program.” The Los Angeleno put to work his bachelor’s degree in economics from Middlebury College and began working his way up. It was no case of overnight success for this advocate of active management. Timothy Armour has 33 years of investment experience – all at Capital.

Before taking the reins as head of the company, he worked for Capital as an equity investment analyst specializing in the areas of global telecommunications and US service companies. He also held the position of equity portfolio manager. Timothy Armour now also serves as chairman and principal executive officer of Capital Research and Management Company, Inc. and as chairman of the Capital Group Companies Management Committee. He illustrated throughout his career the importance of holding on to a good investment.

At the time of his appointment, he discussed the company’s strengths and his drive to continue its success.

Click here to learn more about Timothy Armour.

“The true strength of Capital Group lies not in an individual but in the collective talents of all our associates who are aligned behind our mission to deliver superior, long-term investment results to our investors and clients,” Armour said in a statement. “Our management committee and our 7,600 associates look forward to continuing our 84-year legacy of delivering on our commitments to investors and the advisors who serve them.”

In a modern business world of ship jumpers, Armour stands testament to the old-fashioned company man. He started at the bottom, put in effort and hard work, and rose to the top of his game, and to the top of the company to which he devoted his career. The key was picking a company he could believe in.

“We believe in what we do, even if at times the world doesn’t,” Armour told Bloomberg Markets in a 2015 article on top performing mutual funds.

Related: https://www.americanfunds.com/individual/news/senior-management-changes.html