Summary by Moomoo AI
On December 19, 2024, Stephen Luczo resigned from Morgan Stanley's Board of Directors, effective December 31, 2024. Luczo's departure, cited for personal reasons, was not due to any disagreement with the company, its management, or the Board on operational, policy, or practice matters.In response to Luczo's resignation and the previously announced retirement of Mr. Gorman, Morgan Stanley's Board will reduce its size from 15 to 13 directors, effective January 1, 2025. This strategic restructuring aligns with the company's governance adjustments following these high-profile departures.The announcement, made via an SEC Form 8-K filing on December 20, 2024, reflects Morgan Stanley's commitment to transparent corporate governance and timely disclosure of significant changes in its leadership structure.
