Palmer will remain in his post through December 31 or until the board secures a replacement, whichever arrives first. Following his exit from the executive suite, he is slated to move into an advisory role to assist with the handover process. His tenure as CEO began in 2022, marking the latest chapter in a career that has spanned nearly the entire history of the company. Before ascending to the top office, Palmer served as the firm’s treasurer and finance chief, a position he held since 1996.