Kathy Elsesser Joins the Board of Directors at Lazard, Strengthening Financial Advisory Leadership

Kathy Elsesser Joins Lazard's Board of Directors

Lazard, Inc. (NYSE: LAZ), a prominent financial advisory firm, has named Kathy Elsesser to its Board of Directors, effective immediately. This appointment marks a significant step for Lazard as it enhances its leadership team to further advance its Financial Advisory business. Elsesser, a highly regarded figure in investment banking, previously held the position of Global Chair of the Consumer Retail and Healthcare Groups at Goldman Sachs, where she spent over three decades advising top executives on complex financial transactions.

Kathy succeeds Andrew M. Alper, who has served on the board for an impressive 13 years. Alper's departure follows a commendable tenure characterized by his commitment to guiding Lazard through various financial challenges and opportunities. In remarks regarding his service, Alper expressed his confidence in Lazard's future and welcomed Elsesser, stating that her extensive experience will be invaluable to the firm.

In welcoming Elsesser, Peter R. Orszag, CEO and Chairman of Lazard, highlighted her reputation as a trusted advisor to some of the globe's foremost companies. He emphasized that her depth of knowledge and expertise will play a critical role as Lazard executes its strategic plans, notably the Lazard 2030 strategy aimed at enhancing growth in a rapidly changing market.

Kathy Elsesser’s profile continues to rise in the finance world even after her retirement from Goldman Sachs. She remains active in advisory roles across both corporate and nonprofit sectors, including serving on TPG Inc.'s Board of Directors and chairing the Audit Committee for Sesame Workshop. Elsesser holds a Bachelor of Arts from Boston College and an MBA from the Kellogg School of Management at Northwestern University, which are testament to her robust educational background.

Reflecting on her new role, Elsesser shared her enthusiasm about joining Lazard. She commented on the firm’s ability to navigate complex global economic landscapes while providing tailored financial solutions to clients. “Clients value expertise that considers the broader economic and geopolitical landscape and draws on a wide array of public and private capital solutions, and Lazard is uniquely positioned to deliver that,” she stated.

As the global economy faces undeniable challenges—ranging from inflation to geopolitical tensions—having leaders like Kathy Elsesser on board is essential for steering Lazard into its future. Her appointment signifies Lazard’s continuous dedication to enhancing its capability to provide robust financial strategies and solutions, fulfilling the increasing demand for sophisticated financial advisory services.

With global operations spanning across the Americas, Europe, Asia, and beyond, Lazard maintains its status as one of the leading financial advisory and asset management firms. The firm is committed to providing innovative solutions on mergers and acquisitions, capital markets, and asset management, serving a diverse clientele, including corporations, governments, and high-net-worth individuals.

In summary, Kathy Elsesser’s appointment is more than just a change in leadership; it represents Lazard's ongoing commitment to excellence and innovation in its strategic direction. Her exemplary career and extensive knowledge are set to bolster Lazard’s efforts in navigating the financial landscape, ensuring that it remains a trusted partner for its clients in an ever-evolving market. The future looks promising as Lazard embarks on this new chapter, leveraging the talent and insights that seasoned professionals like Elsesser bring to the table.