Erin Callan
From MarketsWiki
| This page is not complete! |
| Do you have knowledge to contribute on this or other subjects?
Help the wiki grow -- add what you know. |
| Erin Callan | |
| Employer | Lehman Brothers |
|---|---|
Erin Callan is a senior member of the Investment Banking division of Lehman Brothers.
She had been CFO at Lehman Brothers for only about seven months when she and Joseph M. Gregory, Lehman COO, were demoted on June 12, 2008. The announced job changes came only days after the investment bank announced it had expected it would post a $2.8 billion quarterly loss.[1]Lehman's stock had tumbled around 64 percent by June of 2008 amid growing concern that Wall Street's smallest surviving major brokerage was still struggling with the credit crisis.[2]Callan had been the public face of Lehman.
Ian Lowitt, who replaced Callan immediately upon the demotion announcement, had been chief accounting officer at Lehman Brothers since October 2006.[3]
As CFO, Callan oversaw the firm’s Finance organization, including treasury, tax and financial control and reporting and joined the Lehman Brothers’ Executive Committee.
Background
| This page needs a sponsor. |
| Put your logo here! |
| Email us for information on how to support MarketsWiki. |
Callan joined Lehman Brothers in 1995 and was named a managing director in June 2000. She was at one point responsible for heading Global Hedge Fund Coverage, an initiative within the Investment Banking Division. Prior to assuming that role, Callan headed Lehman Brothers' Global Finance Solutions Group and Global Finance Analytics Group within Investment Banking.[4]
Education
References
- ↑ Lehman Demotes CFO Callan, Names New COO. Reuters. Retrieved on June 12, 2008.
- ↑ Lehman Demotes Key Executives After Surprise Loss. Reuters. Retrieved on June 12, 2008.
- ↑ UPDATE: Lehman Bros replaces CFO Erin Callan with Ian Lowitt; shares turn higher. Thomson Financial News/Forbes. Retrieved on June 12, 2008.
- ↑ Press Release. Lehman Brothers. Retrieved on June 12, 2008.
