After two years on the job, Louis Garday, CEO of the CFP Board, has resigned his post effective July 31. The former investment banker and Vice Chairman of the National Association of Real Estate Investment Trusts (NAREIT), says he’s ready to return to the for-profit world.
In announcing his resignation, Garday said, “I have accomplished the key goals that I set out to accomplish when
I accepted this position.” Lance Richlin, senior editor of the CFP Board, says Garday’s for-profit experience was one of the key reasons he was tapped as CEO two years ago. At the time, “we wanted the CFP Board to run on a business-like basis,” Richlin says. “He was a change agent for us,” helping the Board to kick-start a number of initiatives during a rocky economy and after 9/11.