Davanzo named Wilshire president
From Times Staff and Wire Reports
Wilshire Associates Inc. has named Lawrence E. Davanzo president, making him a potential successor to Chief Executive Dennis A. Tito, who founded the Santa Monica-based investment consulting firm 35 years ago.
Davanzo, 54, would become CEO “in the event that something happens” to Tito, Wilshire said. An executive at Wilshire from 1977 to 1991, Davanzo rejoined the firm in 2004 and heads its fund-management unit.
Tito, 67, became the first person to pay for space travel when he shelled out a reported $20 million to fly on a Russian Soyuz mission in 2001.
