Exclusive: Legg Mason to name interim CEO Sullivan as next leader

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(Reuters) - Asset manager Legg Mason Inc is preparing to name its interim head, Joseph Sullivan, as its permanent chief executive, two people familiar with the matter said, as the company turns to a sales chief to stop an outflow of funds. Sullivan, 55, became interim CEO of the Baltimore fund firm when Mark Fetting stepped down under pressure last September. Sullivan was seen by insiders as the leading contender for the post. ...

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