Capital Group chairman dies

Capital Group chairman dies

Capital Group chairman dies Capital Group’s chairman, James Rothenberg, died on Tuesday.

The company announced in a statement the 69-year-old passed away due to a heart attack.

"His intellect, passion and energy were a source of inspiration to all of us and to our more than 7,600 associates world-wide," the Capital Group Management Committee said.

Rothenberg had served as vice chairman of the board and a portfolio manager of Growth Fund of America. He had recently completed 45 years with the company.

His death was felt around the industry as Paul Schott Stevens, the president and chief executive of the mutual-fund industry trade group, Investment Company Institute, said in a statement Tuesday evening the organization was "deeply saddened" by Rothenberg's death.