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Weil Out, Roth In as RCS CEO

RCS Capital Corporation (NYSE: RCAP) announced that Michael Weil has stepped down as the company’s chief executive officer, effective immediately. Weil, who was named CEO in September 2014, will remain on the board of directors.

R. Lawrence ‘Larry’ Roth will replace Weil as chief executive officer, effective today.

Roth is the CEO of Cetera Financial Group and a former member of the board of directors for RCS Capital, but resigned in September after four months to focus on his role at Cetera.

In conjunction with Roth, the executive committee will lead the day to day operations of the business.