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Sutro President Steps Down

September 26, 1989

SAN FRANCISCO (AP) _ Keith F. Pinsoneault resigned Monday as president and chief operating officer of Sutro & Co. Inc., an investment firm founded in 1858.

Pinsoneault stepped down ″for personal and business reasons,″ the company said in a statement.

″Keith will now be free to actively explore opportunities that have been unavailable to him as president,″ said Charles W. Daggs, the company’s chairman and chief executive officer. Daggs called the parting ″extremely amicable.″

The positions will not be refilled, said Daggs.

Pinsoneault’s responsibilities will be ″reallocated to other members of the Sutro & Co. management committee,″ the statement said.

Sutro is a subsidiary of John Hancock Financial Services of Boston.

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