Pzena Investment Management Inc. announced that Mr. Charles D. Johnston, a long-time leader in the wealth management industry, has been appointed to its board of directors effective February 5, 2014. He will serve as an independent member of the Board, as well as on its Audit, Compensation, and Nominating and Corporate Governance Committees. Mr. Johnston joins the company's board of directors to fill the vacancy created by the resignation of Ronald W. Tysoe, who stepped down from the company's board of directors to focus on other business commitments.

Mr. Johnston most recently served as President of Morgan Stanley Smith Barney.