Ascensus announced July 9 that David Musto, currently president of the organization, will add chief executive officer (CEO) responsibilities to his role beginning in 2020. Bob Guillocheau, currently chairman and CEO of Ascensus, will continue to serve as chairman.
Musto, who has more than 30 years of experience in financial services, joined Ascensus in 2017. As president, he is responsible for growing the company's existing businesses.He previously served as president of Great-West Investments, executive vice president of Empower Retirement, and CEO of J.P. Morgan Retirement Plan Services.
Guillocheau joined Ascensus in 2003. He has held the role of CEO since 2005 and was named chairman in 2017.