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Edward Jones kicks off 2019 with a new leader at the helm: Penny Pennington will serve as managing partner, following James D. Weddle, who is retiring after more than 40 years with the firm. She is only the sixth person to hold this position in Edward Jones’ nearly 100-year history.
Pennington, a graduate of the University of Virginia, earned her MBA from the Kellogg School of Management at Northwestern University and holds the Chartered Financial Analyst (CFA) designation. She also is a graduate of Wharton’s Securities Industry Institute.
She began her career in corporate banking and joined Edward Jones in 2000 as a financial advisor in Livonia, MI. Six years later, Pennington moved to the firm’s headquarters in St. Louis and took on a series of leadership roles, culminating in her being chosen as the next managing partner.
Weddle says of his successor: "No. 1, she's very, very smart. She is a good strategic thinker and able to look beyond today and tomorrow and challenge the status quo, but do it in a respectful way. She's also a very good judge of talent; she develops people about as well as anybody I've seen and is a talented communicator. I think those things together will wear well."
"Edward Jones was built for our clients, and our purpose is to make a difference in their lives and the lives of their families," Pennington says. "Everything we do connects back to them. The 45,000 Edward Jones colleagues who are focused on the well-being of our clients inspire me tremendously as I take on this new role."