Independent director Pamela Conroy was appointed chair of the board of Listed Funds Trust. Conroy, 64, replacing interested director and former board chair Paul Fearday, 46.
Fearday resigned his seat on the board effective July 8 and left his position as SVP and head of ETF services at US Bank Global Fund Services. He subsequently took a new job as director of ETF services at UMB Bank in Kansas City, Mo.
Fearday, who worked at US Bank for 16 years, has been an interested trustee at Listed Funds since 2019.
The Trust confirmed Fearday’s departure but declined to comment on the reason he left.
Conroy has been an independent trustee at Listed Funds since 2019 and joined the board of the related Frontier Funds Trust in 2020. She previously served as EVP, COO, and CCO for the Institutional Capital Corp., from which she retired in 2008.
Listed Funds Trust administrator US Bank also changed CCOs following Fearday’s departure, following the July 24 resignation of former CCO and anti-money laundering officer, Christi Powitzky, 51.
Powitzky, who held those jobs since 2022, was named CCO at Teucrium ETFs July 24.
Powitzky’s replacement as CCO is Jill Silver, 49, who took over the position as interim CCO and anti-money laundering officer as of Jul. 31.
Silver, an SVP at US Bancorp Fund Services, where she has worked since 2022, previously served as a compliance director at Corebridge Financial.
Fearday’s departure reduced headcount on the Listed Funds board from four to three, all of whom are independents. In addition to Conroy, the board now includes John Jacobs, 66, and Koji Felton, 64.
Jacobs has served as an indie on the Trust since 2017, including serving on the Trust under its former name, the Active Weighting Funds ETF Trust, and Felton began serving on the Trust in 2019.
The Trust declined to comment on whether it planned to fill Fearday’s now vacant seat on the board.
The board maintains two standing committees: an audit committee and a nominating and governance committee, comprising each of the Trust’s independent trustees.
Jacobs chairs the audit committee, and Conroy chairs the nominating and governance committee.
The Trust’s independent directors received compensation ranging from $113,750 to $118,750 for the fiscal year ending April 30.
The board voted to update that level for 2025 by raising the annual stipend for trustees to $125,000.
Listed Funds Trust trustees and officers serve indefinite terms on the board, with no specific mandatory age of retirement.
The Listed Funds Trust is a Milwaukee, Wis.-based multiple-series trust that reported overseeing a total of 48 portfolios as of Aug. 1.
