Edward Jones names Pennington as new managing partner

Penny Pennington will take over as managing partner of Edward Jones to start 2019, the company announced Monday.

She will become the sixth managing partner of the Des Peres-based financial services firm, replacing the retiring Jim Weddle, who has led Edward Jones since 2006.

Pennington has been principal of the company’s Client Strategies Group since 2015 and a member of the firm’s executive, management and audit committees. She joined Edward Jones in 2000 as a financial adviser.

Under Weddle, Edward Jones more than doubled its revenue, from $3.5 billion to $7.5 billion, grew from 9,000 to 13,000 branches and increased its footprint in the St. Louis area, opening a Maryland Heights campus.

Read more: St. Louis Post-Dispatch

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