X
<

Carlyle Group and Its Mixed 3Q17 Results

PART:
1 2 3 4 5 6 7 8 9
Part 6
Carlyle Group and Its Mixed 3Q17 Results PART 6 OF 9

Carlyle Group Makes Changes in Executive Leadership Team

Who are the new co-CEOs?

On Wednesday, October 25, 2017, the Carlyle Group (CG) made some changes to its leadership team. Its current COO (chief operating officer) Glenn Youngkin will become the new co-CEO (chief executive officer). He is also the president of the company.

Carlyle Group Makes Changes in Executive Leadership Team

Interested in APO? Don't miss the next report.

Receive e-mail alerts for new research on APO

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

Kewsong Lee, the company’s current CIO (chief investment officer) of the Corporate Private Equity division, will become a co-CEO of the company. Lee also leads the company’s Global Market Strategies division.

The Carlyle Group reported gross profits of $1.9 billion on a trailing 12-month (or TTM) basis. Below are the gross profits on a TTM basis for its peers (XLF):

  • Apollo Global Management (APO): $1.9 billion
  • KKR & Co. (KKR): $1.1 billion
  • Blackstone Group (BX): $5.0 billion

Co-chairs, co-CIOs

The Carlyle Group entered the industry 30 years ago, led by three people: Daniel D’Aniello, William Conway, and David Rubenstein. As of January 1, 2018, D’Aniello will be chairman emeritus, and the other two founders will be co-executive chairs of the private equity giant’s board of directors.

Peter Clare will be co-CIO (chief investment officer) from his present position as deputy CIO of Carlyle’s Corporate Private Equity division. Clare will share that position with the company’s current CIO, William Conway.

X

Please select a profession that best describes you: