Envestnet announced Oct. 4 that Jud Bergman, the firm's Chairman and Chief Executive Officer, has died in an automobile accident.
“It is with immeasurable sadness that we share the news that Judson Bergman, our Chairman and Chief Executive Officer, passed away today in San Francisco, CA in an automobile accident. Mr. Bergman’s wife, Mary Miller, also sadly perished in this tragedy. On behalf of our Board of Directors, management team and employees, we extend our deepest sympathies to Jud and Mary’s family. As Envestnet’s founder, Jud was a remarkable leader whose vision, brilliance and drive built the foundation for Envestnet’s success.”
Bergman founded the company and had served as its Chairman, Chief Executive Officer and a director since 1999. Prior to founding Envestnet, he was a Managing Director at Nuveen Investments.
Implementing the company’s emergency succession plan, Envestnet’s Board of Directors has appointed Bill Crager, President of Envestnet and Chief Executive of Envestnet Wealth Solutions, as Interim Chief Executive Officer. Crager has served as President of Envestnet since 2002. The board also appointed member Ross Chapin to serve as its Interim Chairman.
“We have all experienced a great loss at Envestnet,” stated Chapin. “While it is difficult to imagine anyone replacing Jud’s vision and presence, we have the utmost confidence in the ability of his colleague, co-founder and dear friend, Bill Crager, to carry on in Jud’s place. Bill and Jud worked closely over the last 20 years and have built a resilient team that will see us through these dark days. Jud was a giant as a businessman and human being. We will miss him immensely.”
