Lazard, Inc. (NYSE: LAZ) has appointed Tracy Farr as its new Chief Financial Officer, effective February 1, 2026. Tracy Farr, who has 20 years of experience in finance, including over a decade at Lazard, most recently served as a Managing Director in the firm’s capital structure advisory group. He has extensive experience advising clients on complex M&A transactions and growth initiatives.
Tracy Farr is succeeding Mary Ann Betsch, who joined Lazard in 2022 and played a significant leadership role in strengthening the firm’s financial foundation and advancing its reporting and planning capabilities. As CFO, she guided the firm’s transition to a C-corporation and expanded shareholder engagement.
Lazard also announced its fourth quarter and full year 2025 financial results. The company reported significant changes in its financial metrics compared to the previous period.
In the press release, it was stated that Tracy Farr "designed deal structures and provided financing solutions while advising Lazard’s clients on some of the most notable and complex M&A transactions." This indicates his direct involvement in driving the company’s financial performance.
Additionally, it was mentioned that Mary Ann Betsch's collaborative approach to leadership and focus on team building has been instrumental in elevating and integrating Lazard's global finance function. This highlights her role in improving the firm’s financial operations.
The press release did not provide specific financial figures or metrics, but it did emphasize the significant changes in the company’s financial performance and the transition in leadership. The market has reacted to these announcements by moving the company's shares -0.73% to a price of $53.36. If you want to know more, read the company's complete 8-K report here.
