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Bright Horizons Announces Retirement of Founders From Board of Directors
December 18, 2020 GMT
NEWTON, Mass. (BUSINESS WIRE) Dec 18, 2020
Bright Horizons Family Solutions ® Inc. (NYSE:BFAM) announced today that the three company founders, Roger Brown, Linda Mason and Marguerite Kondracke, will retire from the Board of Directors effective March 31, 2021. All three will become a Director Emeritus as of their retirement date and will continue to provide guidance and counsel to the organization they founded as part of their collective mission to make a lasting difference in the world through the education of young children.
Is Bright Horizons Family Solutions (BFAM) a Smart Long-term Buy?
Brown Capital Management Mid Company Fund recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 6.15% (inst. class) for the quarter, underperforming its benchmark, the Russell Midcap Growth Index which returned 9.4% in the same quarter. You should check out Brown Capital Management’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q3 2020 Investor Letter, Brown Capital Management highlighted a few stocks and Bright Horizons Family Solutions Inc. (NYSE:BFAM) is one of them. Bright Horizons Family Solutions Inc. (NYSE:BFAM) is a child-care provider. Year-to-date, Bright Horizons Family Solutions Inc. (NYSE:BFAM) stock gained 13.8% and on December 15th it had a closing price of $170.96. Here is what Brown Capital Management said: