Vanguard Names John Bendl as Chief Financial Officer and Managing Director, Finance Division

VALLEY FORGE, PA (April 24, 2025) – Vanguard today announced the appointment of John Bendl as chief financial officer and managing director of its Finance division, responsible for Vanguard's finance functions, including investment product accounting and operations, corporate strategy, treasury, tax, and real estate. Mr. Bendl, 54, who currently leads the firm’s Financial Planning & Analysis and Enterprise Strategic Services functions, will join Vanguard’s senior leadership team effective July 1, 2025. 

“John is a Vanguard veteran who earns the trust and respect of everyone he works with,” said Vanguard Chief Executive Officer Salim Ramji. “He brings a rare combination of technical excellence and forward-thinking leadership, and operates with humility, collaborative spirit, and deep sense of care for our clients and crew. I am thrilled to welcome his perspective and passion for our mission to our senior team."

Since joining Vanguard in 2016, Mr. Bendl has held several leadership roles including CFO of the firm’s International division responsible for supporting Vanguard’s business spanning the Americas, Australia, Asia, and Europe. He has also served in a variety of officer and executive roles with respect to Vanguard and the Vanguard Funds, including service as the Vanguard Funds’ CFO as well as chief accounting officer and treasurer of Vanguard. 

Prior to joining Vanguard, Mr. Bendl spent more than 20 years at KPMG, including as partner in the financial services practice at KPMG US. Mr. Bendl earned a B.S. in business administration from West Virginia University and is a Certified Public Accountant.

Michael Rollings, 61, Vanguard’s current chief financial officer, will retire on June 30, 2025, after a distinguished 40-year career in financial services. Mr. Rollings joined Vanguard in 2016 from MassMutual Financial Group. After starting his career in banking in New York City, Mr. Rollings joined MassMutual in 2001 to lead the firm's Capital Markets division and was named executive vice president and CFO in 2006.

“Mike professionalized our Finance division and over the last nine years has helped create significant value for our investor-owners,” said Salim. “His discipline and operational rigor through all market cycles have allowed us to reinvest in our strategic growth and technology priorities while lowering expense ratios—a rare combination for most firms. We are extremely grateful to Mike for all he has done for our clients and crew, and we wish him the very best.” 

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About Vanguard

Founded in 1975, Vanguard is one of the world's leading investment management companies. The firm offers investments, advice, and retirement services to tens of millions of individual investors around the globe—directly, through workplace plans, and through financial intermediaries. Vanguard operates under a unique, investor-owned structure where Vanguard fund shareholders own the funds, which in turn own Vanguard. As such, Vanguard adheres to a simple purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success. For more information, visit vanguard.com.

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