Pritzker Resigns From Evercore’s Board of Directors

Anthony Pritzker, the billionaire heir to the Hyatt Hotels Corp. and Marmon Holdings Inc. fortune, stepped down from the board of directors of Evercore Partners Inc.

The resignation was effective April 21 and didn’t involve a disagreement with the company or the board, New York-based Evercore said yesterday in a filing. Robert B. Millard, 63, replaced Pritzker as chairman of the compensation committee, the company said. Dave Lundy, a spokesman for Pritzker, declined to comment.

Pritzker, 53, had been a member of the board since Evercore’s initial public offering in August 2006. The company was founded by former U.S. Deputy Treasury Secretary Roger C. Altman, who remains its chairman. Pritzker and his brother Jay Robert Pritzker are managing partners of Pritzker Group, the Chicago-based private-equity and venture-capital firm.

Evercore shares fell 2.7 percent to $52.48 yesterday in New York. The stock has declined 12 percent this year.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE