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Founder Joe Mansueto to step down as Morningstar CEO

Joe MansuetoMorningstar, Inc. announced that founder Joe Mansueto is to step down as CEO and that it has appointed Kunal Kapoor as chief executive officer, effective January 1, 2017.
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Mr. Kapoor, who currently serves as president for Morningstar, has also been appointed to Morningstar’s board of directors, also effective January 1, 2017.

Mr. Kapoor originally joined Morningstar as a data analyst in 1997 and has been president of the company since October 2015.

He previously served as head of global products and client solutions and has served in a variety of other leadership roles for Morningstar, including director of mutual fund analysis, director of business strategy for international operations, president and chief investment officer of Morningstar Investment Services, and head of and the company’s data business.

Company founder Joe Mansueto will become executive chairman effective January 1, 2017 and will continue to serve as chairman of the board.

To limit the number of inside directors, Don Phillips has voluntarily opted to step down from the board, effective December 31, 2016.

Mr. Phillips will be succeeded by Mr. Kapoor. He will continue in his role as a managing director for Morningstar, focusing on research innovation.



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