Praxis Mutual Funds names Chad Horning as new President

Praxis news |

Fund family thanks outgoing President, David Gautsche, for years of service

Chad M. Horning, Chief Investment Officer for Everence, has been named the new President for the company’s mutual fund family, Praxis Mutual Funds. (Everence Capital Management advises Praxis Mutual Funds.) Ken Hochstetler, Everence President and Chief Executive Officer, made the announcement on March 10, 2015, on behalf of the Praxis Mutual Funds Board of Trustees.

Chad Horning

In addition, Horning will serve as Senior Vice President for Everence, reflecting his responsibility for the company’s financial products and operations.

“Chad’s expertise has been critical to our successful management of Everence investment and asset management products and services,” said Hochstetler. “Adding this new role as President of Praxis Mutual Funds will bring his experience to bear on our goal to expand Praxis services to individuals and organizations.

Hochstetler added that David C. Gautsche, outgoing President of Praxis Mutual Funds, is stepping down to become President and Chief Executive Officer of Goodville Mutual Casualty Company in Pennsylvania.

“During his tenure, David led Praxis Mutual Funds through the recent recession, and helped the fund family weather the storm,” Hochstetler noted. “We wish him well as he makes this transition, and thank him for his years of service with Everence and Praxis Mutual Funds.”

Horning joined Everence in 1999, serving as an Equity Analyst. In addition to his role as Chief Investment Officer, he also serves as Co-Portfolio Manager for the Praxis Value Index Fund, Praxis Growth Index Fund and Praxis Genesis Portfolios.

Before joining Everence, Horning was an economic analyst for DevTech Systems, an international consulting firm in Washington, D.C. He is a graduate of Goshen College (Indiana) and earned his master’s degree in economics from the University of Maryland. Horning earned his Chartered Financial Analyst® designation in 2001. He lives in Goshen with his wife, Michelle, and two children.

About Praxis Mutual Funds and Everence

Praxis Mutual Funds, advised by Everence Capital Management, is a leading faith-based, socially responsible family of mutual funds designed to help people and groups integrate their finances with faith values. To learn more, visit praxismutualfunds.com

Everence helps individuals, organizations and congregations integrate finances with faith through a national team of advisors and representatives. Everence offers banking, insurance and financial services with community benefits and stewardship education. To learn more, visit everence.com or call (800) 348-7468.

Disclosure

The Fund’s stewardship investing strategy could cause the fund to sell or avoid securities that may subsequently perform well, and the application of social screens may cause the fund to lag the performance of its index.