Article: Legg Mason Announces Management Change.

BALTIMORE, June 1 /PRNewswire-FirstCall/ -- Legg Mason, Inc. announced today that Timothy C. Scheve, Senior Executive Vice President and Chief Administrative Officer, having helped guide the firm through the integration of the asset management business acquired from Citigroup in December 2005, will leave the firm. Upon his departure, the administrative units that previously reported to Mr. Scheve will report to Raymond A. "Chip" Mason, Legg Mason's Chairman, President and Chief Executive Officer.

In announcing the change, Mr. Mason commented, "Tim has had a distinguished 23-year career with us. Most notably, in 2003, he was appointed President and CEO of Legg ...

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