Home Business Business Beat: Cobleskill investment firm has new CEO | Business News

Business Beat: Cobleskill investment firm has new CEO | Business News

by Janessa Lee

Investment firm, Fenimore Asset Management, has announced the promotion of Anne Putnam to the position of chief executive officer (CEO), effective October 1. The firm, which manages the FAM Funds national mutual funds, was founded by Anne’s father, Tom Putnam, in 1974, and this promotion coincides with its upcoming 50th year of service.

Anne Putnam has been with Fenimore since 2006 and has held the position of senior vice president since 2017. Her promotion to CEO has been met with excitement and support from her father, who is the founder and executive chairman of Fenimore. Tom Putnam praised Anne’s leadership skills, her deep understanding of the firm’s investment philosophy, and her commitment to investor satisfaction and growth.

Fenimore Asset Management is an independent investment manager with over $4.27 billion in assets under management, as of June 30. The firm operates from its Albany and Cobleskill offices and prides itself on being an investment factory that cultivates relationships with investors, financial institutions, and portfolio-owned companies.

In her new role as CEO, Anne Putnam intends to maintain the firm’s strong regional presence as a family- and associate-owned partnership. She also aims to expand Fenimore’s presence in the Capital Region and continue offering its investment strategies nationally through different channels. Anne emphasized the importance of staying true to the firm’s values-based management and investment philosophy, which have guided them for the past 50 years.

In other news, AAA Northeast will be hosting a free car care clinic event on October 6 at its Oneonta location. The event will provide drivers with the opportunity to have trained technicians perform a comprehensive multi-point inspection of their vehicles, including checking tire pressures, fluids, and battery tests. Additionally, technicians will offer a CarFit event, specifically designed to help all drivers, particularly mature drivers, find their ideal person-to-vehicle fit. This event aims to help drivers feel more comfortable, safe, and in control behind the wheel. The clinic is open to everyone, and drivers can make an appointment for CarFit by calling a specified phone number.

Furthermore, Ray Pucci, the President of the Delaware County Chamber of Commerce, has been selected to join the 2023-2024 class of the Appalachian Leadership Institute. The institute is a training opportunity focused on leadership and economic development for individuals currently residing and working in the Appalachian region. Over the course of nine months, the program will feature six multi-day seminars held across the Appalachian region. These seminars will concentrate on the strategic investment priorities of the Appalachian Regional Commission (ARC), which seek to strengthen economic and community growth in the area. Upon completion of the program, Pucci will continue to contribute to the Appalachian Leadership Institute Alumni Network, supporting collaborative solutions for the region’s future.

The Appalachia region is known for its diverse economic development challenges, opportunities, and strategies. The selection of fellows for the Appalachian Leadership Institute was based on a competitive application process, ensuring a broad representation of perspectives and experiences.

Overall, these recent developments demonstrate the growth and progress of various organizations in the finance and community development sectors. Fenimore Asset Management’s appointment of Anne Putnam as CEO and AAA Northeast’s car care clinic event showcase their commitment to customer satisfaction and developing strong regional partnerships. Likewise, Ray Pucci’s participation in the Appalachian Leadership Institute highlights the importance of nurturing the next generation of Appalachian leaders and fostering economic vitality in the region.

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