05:21 PM EDT, 10/21/2024 (MT Newswires) -- LPL Financial Holdings ( LPLA ) said Monday its board confirmed Rich Steinmeier as chief executive and named CFO Matt Audette as president, effective immediately.

The board appointed Audette as president and chief financial officer, expanding his previous responsibilities as CFO and head of business operations, LPL Financial ( LPLA ) said.

Steinmeier has been serving as interim CEO since Oct. 1 after previously serving as managing director and chief growth officer at LPL Financial ( LPLA ), according to the company.