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Get filing alertsLazard appoints Kathy Elsesser to Board, names her Compensation Committee Chair
Filed July 7, 2026 · Period ending July 2, 2026 · ~1 min read
Key Changes
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Kathy Elsesser, retired Goldman Sachs Partner and former Global Chair of Consumer Retail and Healthcare Investment Banking, joins the Board effective July 7, 2026, and assumes Chair of the Compensation Committee.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Andrew M. Alper retired from the Board after 13+ years, stepping down as Compensation Committee Chair and Audit Committee member; his departure was not due to any disagreement with the company.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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CEO Peter Orszag stated the appointment supports Lazard's expanding Financial Advisory momentum and execution of its Lazard 2030 strategy.
Exhibit 99.1 view on EDGAR → -
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Elsesser has no arrangements, family relationships with management, or related-party transactions, supporting her independence qualification.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Lazard executed a planned board transition, appointing Kathy Elsesser to replace retiring director Andrew M. Alper effective July 7, 2026. Elsesser, a retired Goldman Sachs Partner who led the firm's Consumer Retail and Healthcare Investment Banking groups, immediately assumes the Chair role on the Compensation Committee that Alper vacated.
She also serves on TPG's Board, bringing over three decades of experience advising executives on strategic transactions. Alper's retirement after 13+ years was explicitly characterized as routine succession planning with no disagreements on company operations or policies.
The appointment timing aligns with Lazard's execution of its Lazard 2030 strategy and what CEO Peter Orszag described as expanding momentum in the Financial Advisory business. Elsesser's investment banking background and current public company board experience position her to contribute to oversight of management compensation as the firm pursues its strategic plan. The same-day succession for the Compensation Committee Chair role suggests advance planning to maintain continuity in board governance.
Section-by-Section Diff
Event · Exhibit 99.1
Lazard appoints Kathy Elsesser to Board, replacing Andrew M. Alper who retired after 13+ years of service.
Added in current filing · view on EDGAR →
Kathy Elsesser has been appointed to its Board of Directors, effective today. Ms. Elsesser, who also serves on TPG’s Board of Directors, is a retired Partner and former Global Chair of the Consumer Retail and Healthcare Groups in the Investment Banking Division of Goldman Sachs.
Lazard appointed Kathy Elsesser to its Board of Directors effective July 7, 2026. Elsesser is a retired Goldman Sachs Partner who led the Consumer Retail and Healthcare Groups in Investment Banking and currently serves on TPG's Board. She brings over three decades of experience advising executives and boards on strategic transactions.
Added in current filing · view on EDGAR →
We are thrilled to welcome Kathy to our Board as we build on the expanding momentum in our Financial Advisory business and execute our Lazard 2030 strategy.
CEO Peter Orszag stated the appointment comes as Lazard builds momentum in its Financial Advisory business and executes its Lazard 2030 strategy. The company is positioning Elsesser's expertise as instrumental to its continued evolution and future growth plans.
Show 1 minor / wording change
Added in current filing · view on EDGAR →
Ms. Elsesser succeeds Andrew M. Alper, who has retired from Lazard’s Board after more than 13 years of distinguished service.
Andrew M. Alper retired from Lazard's Board after serving for more than 13 years. The company characterized his departure as part of ongoing succession planning and thanked him for his leadership and counsel. This represents a planned board transition rather than an unexpected departure.
Event · Item 7.01 — Regulation FD Disclosure
Lazard elected a new director to the Board and appointed her to the Compensation Committee.
Added in current filing · verify on EDGAR →
A copy of the Company’s press release announcing the election of Ms. Elsesser to the Board and appointment to the Compensation Committee of the Board described under Item 5.02 above is furnished as Exhibit 99.1
Lazard elected Ms. Elsesser to the Board of Directors and appointed her to the Compensation Committee. The press release with details is furnished as Exhibit 99.1, and the full disclosure appears under Item 5.02 of this 8-K.
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 2, 2026, the Board elected Kathy Elsesser to join the Board, effective July 7, 2026. Ms. Elsesser was appointed to serve on the Compensation Committee, also effective July 7, 2026, and will serve as Chair of the Compensation Committee upon Mr. Alper’s retirement from the Board.
Kathy Elsesser was elected to the Board effective July 7, 2026, and appointed to the Compensation Committee, where she will serve as Chair following Mr. Alper's retirement. This represents a same-day succession for the Compensation Committee leadership role.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
There are no arrangements or understandings with any person pursuant to which Ms. Elsesser was appointed to serve as a director of the Company. Ms. Elsesser has no family relationship with any director or executive officer of the Company, and has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
The filing confirms Ms. Elsesser has no special arrangements, family relationships with management or directors, and no related-party transactions requiring disclosure. This standard disclosure supports her qualification as an independent director.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 7, 2026 · How we verify