Coleman Wortham III, Chairman & Chief Executive Officer of Davenport & Company LLC, has announced that I. Lee Chapman IV has been named President & Chief Operating Officer.
Chapman was promoted to Head of Retail Sales last year. He serves on the firm’s Executive Committee, Investment Policy Committee, and Board of Directors. He also co-manages the Equity Opportunities Portfolio.
Chapman began his career in the financial services industry with Nations Securities in retail bank brokerage operations. A graduate of the University of Virginia, he joined Davenport in 1995 as a portfolio manager in Davenport Asset Management.
“With our primary focus on investment advice, Lee’s experience in managing money uniquely qualifies him to be the next leader of our firm,” said Wortham. “He has been working closely with me for nearly a year and is ready to assume full responsibility for the daily, operational management of the firm.”
Established in 1863, Davenport & Company is an independent, employee-owned investment firm with 15 retail branch office locations throughout Virginia and North Carolina. The firm is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Virginia Offices include: Charlottesville, Danville, Farmville, Franklin, Fredericksburg, Lynchburg, Norfolk, Richmond, Roanoke, Virginia Beach, White Stone and Williamsburg.