Virtus Investment Partners announced that Timothy A. Holt has been elected chairman of the company's Board of Directors as part of the board's succession plan. He replaces Mark C. Treanor, who, pursuant to board policy, is scheduled to retire from the board this spring. Prior to joining Virtus as non-executive chairman of the board, Treanor served as senior executive vice president, general counsel and secretary of Wachovia Corporation from 2001 to 2008, with responsibilities for legal, regulatory, corporate governance and government relations activities.