Penny Pennington

Penny Pennington
Penny Pennington, Managing Partner, Edward Jones Investments
Born (1963-10-24) October 24, 1963 (age 61)
Nashville, Tennessee, U.S.
NationalityAmerican
EducationUniversity of Virginia (BA)
Kellogg School of Management (MBA)
OccupationBusinesswoman
Known forCurrently the only woman to lead a major US brokerage firm[1]
TitleManaging partner of Edward Jones Investments
TermJanuary 2019-present
SpouseMike Fidler
Children2

Penny Pennington (born October 24, 1963) is an American businesswoman. She became the managing partner of Edward Jones Investments as of January 1, 2019.[1]

Early life and education

Penny Pennington was born in Nashville, Tennessee.[2] She received a bachelor's degree in commerce with a concentration in finance from the University of Virginia and an MBA from Kellogg School of Management at Northwestern University.[3]

Career

Pennington started her career with Edward Jones Investments in 2000 as a financial advisor in Livonia, Michigan.[4] She was named a principal and moved to the company's St. Louis, Missouri headquarters in 2006.[5] After her move to St. Louis, Pennington took on several senior leadership roles at Edward Jones. She served as a board member on the Edward Jones Trust Co. and on the executive, management and audit committees. Beginning in 2015, she was head of the client strategies group; overseeing products/services delivered to clients and research, trading and marketing.[6]

Pennington is on the board of the Edward Jones Trust Company, a member of Edward Jones’ executive, management and audit committees and she is a senior executive sponsor of the firm's lesbian, gay, bisexual, transgender and ally (LGBTA) Business Resource Group.[4]

She was ranked 69th on Fortune's list of Most Powerful Women in 2023.[7]

Philanthropy

Pennington is on the boards of Donald Danforth Plant Science Center; Shakespeare Festival St. Louis; Saint Louis Fashion Fund; United Way of Greater St. Louis [5] and Whitaker Foundation.[8] She is also a co-chair of the Forest Park Forever 2019 Women's Committee and 29th Annual Hat Luncheon.[9] Pennington also is on the boards of the Federal Reserve Bank of St. Louis,[10] the Washington University in St. Louis Board of Trustees[11] and the Executive Committee of the Chair’s Council for Greater St. Louis.[11]

Personal life

Pennington is married to Mike Fidler and they have two grown children.[12]

References

  1. ^ a b Beilfuss, Lisa (8 May 2018). "Edward Jones Taps Penny Pennington to Lead Brokerage". WSJ. Retrieved 1 April 2019.
  2. ^ Feldt, Brian (12 May 2018). "Edward Jones' new leader Penny Pennington: 'There are many more places to grow'". stltoday.com. Retrieved 2019-03-20.
  3. ^ "The Ten to Watch in 2019". Wealth Management. 2018-11-05. Retrieved 2019-03-20.
  4. ^ a b "Penny Pennington Named To Succeed Edward Jones' Managing Partner". www.fa-mag.com. Retrieved 2019-03-12.
  5. ^ a b Garmhausen, Steve. "Pennington's Plan for Edward Jones: Steady On". www.barrons.com. Retrieved 2019-03-12.
  6. ^ Feldt, Brian (12 May 2018). "Edward Jones' new leader Penny Pennington: 'There are many more places to grow'". stltoday.com. Retrieved 2019-03-12.
  7. ^ "Most Powerful Women". Fortune.
  8. ^ "Diversity Woman | Penny Pennington, Edward Jones". Retrieved 2019-03-26.
  9. ^ "Forest Park Forever Proudly Announces Its 2019 Women's Committee and Hat Luncheon Co-Chairs". Forest Park Forever. 15 January 2019. Retrieved 2019-03-26.
  10. ^ Edwards, Greg (October 21, 2020). "Fortune names Edward Jones CEO Penny Pennington among its 'most powerful women in business'". St. Louis Business Journal. Retrieved March 21, 2022. Pennington serves on the boards of the Federal Reserve Bank of St. Louis, United Way of Greater St. Louis, the Donald Danforth Plant Science Center, the Whitaker Foundation, Shakespeare Festival St. Louis, and Saint Louis Fashion Fund.
  11. ^ a b "Penny Pennington". International Business Times. Retrieved March 21, 2022. She is an active member of the St. Louis community, serving on the boards of the Federal Reserve Bank of St. Louis, United Way of Greater St. Louis, the Donald Danforth Plant Science Center, Washington University in St. Louis Board of Trustees, the Whitaker Foundation and executive committee of the Chair's Council for Greater St. Louis, Inc.
  12. ^ "Dancing with the St. Louis Stars". www.stlmag.com. 2017-02-21. Retrieved 2019-03-26.