Difference between revisions of "Erin Callan"

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Erin Callan was a senior member of the Investment Banking division of [[Lehman Brothers]].  
Erin Callan was a senior member of the [[investment banking]] division of [[Lehman Brothers]].  


She had been CFO at [[Lehman Brothers]] for only about seven months when she and [[Joseph M. Gregory]], Lehman COO, were demoted on June 12, 2008. The announced job changes came only days after the investment bank announced it had expected it would post a $2.8 billion quarterly loss.<ref>{{cite web|name=Lehman Demotes CFO Callan, Names New COO|url=http://www.reuters.com/article/businessNews/idUSN0521169620080612|org=Reuters|date=June 12, 2008}}</ref>Lehman's stock had tumbled around 64 percent by June of 2008 amid growing concern that [[Wall Street]]'s smallest surviving major [[brokerage]] was still struggling with the [[credit crisis]].<ref>{{cite web|name=Lehman Demotes Key Executives After Surprise Loss|org=Reuters|url=http://www.reuters.com/article/topNews/idUSWEN621920080612|date=June 12, 2008}}</ref>Callan had been the public face of Lehman.
She had been CFO at [[Lehman Brothers]] for only about seven months when she and [[Joseph M. Gregory]], Lehman COO, were [[demote]]d on June 12, 2008. The announced [[job]] changes came only days after the investment bank announced it had expected it would post a $2.8 billion quarterly loss.<ref>{{cite web|name=Lehman Demotes CFO Callan, Names New COO|url=http://www.reuters.com/article/businessNews/idUSN0521169620080612|org=Reuters|date=June 12, 2008}}</ref>Lehman's stock had tumbled around 64 percent by June of 2008 amid growing concern that [[Wall Street]]'s smallest surviving major [[brokerage]] was still struggling with the [[credit crisis]].<ref>{{cite web|name=Lehman Demotes Key Executives After Surprise Loss|org=Reuters|url=http://www.reuters.com/article/topNews/idUSWEN621920080612|date=June 12, 2008}}</ref>Callan had been the public face of Lehman.


[[Ian Lowitt]], who replaced Callan immediately upon the demotion announcement, had been chief accounting officer at Lehman Brothers since October 2006.<ref>{{cite web|name=UPDATE: Lehman Bros replaces CFO Erin Callan with Ian Lowitt; shares turn higher|org=Thomson Financial News/Forbes|url=http://www.forbes.com/afxnewslimited/feeds/afx/2008/06/12/afx5109545.html||date=June 12, 2008}}</ref>
[[Ian Lowitt]], who replaced Callan immediately upon the demotion announcement, had been chief accounting officer at Lehman Brothers since October 2006.<ref>{{cite web|name=UPDATE: Lehman Bros replaces CFO Erin Callan with Ian Lowitt; shares turn higher|org=Thomson Financial News/Forbes|url=http://www.forbes.com/afxnewslimited/feeds/afx/2008/06/12/afx5109545.html||date=June 12, 2008}}</ref>


As CFO, Callan oversaw the firm’s Finance organization, including treasury, tax and financial control and reporting and joined the Lehman Brothers’ Executive Committee.  
As CFO, Callan oversaw the firm’s [[finance]] organization, including [[treasury]], [[tax]] and [[financial]] control and reporting and joined the Lehman Brothers’ executive committee.  
   
   
== Background ==
== Background ==
{{Infobox Midpage Need Sponsor}}
{{Infobox Midpage Need Sponsor}}
Callan joined Lehman Brothers in 1995 and was named a managing director in June 2000. She was at one point responsible for heading Global Hedge Fund Coverage, an initiative within the Investment Banking Division. Prior to assuming that role, Callan headed Lehman
Callan joined Lehman Brothers in 1995 and was named a managing director in June 2000. She was at one point responsible for heading global [[hedge fund]] coverage, an initiative within the investment banking division. Prior to assuming that role, Callan headed Lehman Brothers' global finance solutions group and global finance analytics group within investment banking.<ref>{{cite web|url=http://www.lehman.com/press/pdf_2007/092007_OrganizationalChangesSeptember2007FINAL.pdf|name=Press Release|org=Lehman Brothers|date=June 12, 2008}}</ref>
Brothers' Global Finance Solutions Group and Global Finance Analytics Group within Investment Banking.<ref>{{cite web|url=http://www.lehman.com/press/pdf_2007/092007_OrganizationalChangesSeptember2007FINAL.pdf|name=Press Release|org=Lehman Brothers|date=June 12, 2008}}</ref>


== Education ==
== Education ==

Revision as of 20:30, 19 March 2010


Erin Callan
ErinCallan.LehmanBrothers.jpg

Erin Callan was a senior member of the investment banking division of Lehman Brothers.

She had been CFO at Lehman Brothers for only about seven months when she and Joseph M. Gregory, Lehman COO, were demoted on June 12, 2008. The announced job changes came only days after the investment bank announced it had expected it would post a $2.8 billion quarterly loss.[1]Lehman's stock had tumbled around 64 percent by June of 2008 amid growing concern that Wall Street's smallest surviving major brokerage was still struggling with the credit crisis.[2]Callan had been the public face of Lehman.

Ian Lowitt, who replaced Callan immediately upon the demotion announcement, had been chief accounting officer at Lehman Brothers since October 2006.[3]

As CFO, Callan oversaw the firm’s finance organization, including treasury, tax and financial control and reporting and joined the Lehman Brothers’ executive committee.

Background[edit]

Template:Infobox Midpage Need Sponsor Callan joined Lehman Brothers in 1995 and was named a managing director in June 2000. She was at one point responsible for heading global hedge fund coverage, an initiative within the investment banking division. Prior to assuming that role, Callan headed Lehman Brothers' global finance solutions group and global finance analytics group within investment banking.[4]

Education[edit]

References[edit]