Changes to the top ranks at Calamos Asset Management continued Tuesday afternoon as the mutual fund shop added two additional members to its board of directors. Both new directors have extensive backgrounds in the asset management industry.

According to the Calamos website, the company currently has six directors including four independents. This move would create an eight member board with 6 independents.

Keith "Kim" Schappert and Bill Shiebler are both now independent board members.

Schappert is currently an independent consultant and was most recently the Americas regional head of investment management at Credit Suisse.

Prior to that, he was the President ant CEO at Federated Investment Advisory Companies, before leaving in 2006 []. Earlier in his career, he worked for nearly three decades at JP Morgan Asset Management, including time spent as president and CEO.

Meanwhile, Shiebler was the CEO of the America's for Deutsche Asset Management, retiring in 2007.

Shiebler also served as the senior managing director of Putnam Investments and president and CEO of Putnam Mutual Funds.

Earlier in his career, he was a trustee of Scudder Mutual Funds and an executive at Dean Witter Reynolds.

These appointments come as one of the board members, Nick Calamos, is leaving his operational job. The other board members are: John P. Calamos, Sr., Tom Eggers, G. Bradford Bulkley, Richard W. Gilbert, and Arthur L. Knight.  

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