Lazard announces board transition, appoints Kathy Elsesser
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Lazard ( (LAZ) ) has provided an announcement.
On July 7, 2026, Lazard announced that Andrew M. Alper retired from its Board of Directors and from his roles as Chair of the Compensation Committee and member of the Audit Committee, after more than 13 years of service. The company stated that Alper’s retirement was not due to any disagreement over operations or policies, underscoring a planned and orderly transition in board leadership.
The Board elected veteran investment banker Kathy Elsesser as a director effective July 7, 2026, following her appointment on July 2, 2026, and named her Chair of the Compensation Committee upon Alper’s retirement. With decades of investment banking experience at Goldman Sachs and current governance roles at TPG and Sesame Workshop, Elsesser’s appointment is framed as strengthening Lazard’s board governance and supporting the firm’s expanding Financial Advisory business and long‑term growth strategy.
The most recent analyst rating on (LAZ) stock is a Sell
with a $40.00 price target.
To see the full list of analyst forecasts on Lazard stock,
see the LAZ Stock Forecast page.
Spark’s Take on LAZ Stock
According to Spark, TipRanks’ AI Analyst, LAZ is a Neutral.
LAZ scores as stable-to-improving fundamentally with strong cash generation and a constructive outlook led by Asset Management momentum and strategic progress, but the overall score is held back by elevated leverage and notably weak price trend/momentum. Reasonable valuation and dividend yield provide support despite near-term advisory softness and expense normalization risk.
To see Spark’s full report on LAZ stock,
click here.
More about Lazard
Founded in 1848, Lazard, Inc. is a preeminent financial advisory and asset management firm with operations across North and South America, Europe, the Middle East, Asia, and Australia. The company advises on mergers and acquisitions, capital markets and solutions, restructuring, geopolitics, and other strategic matters, and provides asset management and investment solutions to institutional and private clients worldwide.
Lazard focuses on delivering high‑level strategic and financial advice to corporations, governments, partnerships, family offices, and high net worth individuals. Listed on the New York Stock Exchange under the ticker LAZ, the firm is positioning its governance and leadership to support long‑term growth and the execution of its Lazard 2030 strategy.
Average Trading Volume: 2,010,808
Technical Sentiment Signal: Buy
Current Market Cap: $4.09B
See more insights into LAZ stock on TipRanks’ Stock Analysis page.
