Raymond James Financial's Board of Directors confirmed on 4 December 2024 that Paul Shoukry would succeed Paul Reilly as Chief Executive Officer, with the transition effective 20 February 2025. The appointment brings to a formal conclusion a succession process that the firm had announced publicly in March 2024, when it named Shoukry President and said he was expected to become CEO during fiscal 2025, with Reilly remaining as Executive Chair.
Shoukry had been serving as President of Raymond James. He had served as Chief Financial Officer since 2020, a role he kept alongside the presidency.
PLANNED TRANSITION
The firm announced in March 2024 that Reilly would hand over the CEO role.
Reilly will remain with the firm as full-time Executive Chair.