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Carlyle picks insiders for newly minted role of co-presidents after reshuffle
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Carlyle picks insiders for newly minted role of co-presidents after reshuffle
Jul 28, 2025 6:21 AM

July 28 (Reuters) - Alternative asset manager Carlyle

said on Monday it has rejigged its senior leadership

ranks and named three of its veterans for its newly created role

of co-presidents.

Chief Financial Officer John Redett, credit head Mark

Jenkins and client business head Jeff Nedelman will become the

company's co-presidents, effective January 1, 2026.

"These individuals, all Carlyle veterans, are proven leaders

whose deep expertise and extensive experience will drive our

next phase of growth," CEO Harvey Schwartz said in a statement.

Since Schwartz took the helm in 2023, Carlyle has undergone

a multi-year transformation to boost growth by rejigging

leadership and realigning its compensation model, while

expanding beyond its private equity roots.

The company said the leadership appointments would bolster

its ability to operate at scale in a competitive environment.

In the newly created roles, the trio will closely work with

Schwartz to further Carlyle's growth ambitions, the firm said.

In addition to their new roles, Jenkins will lead the credit

and insurance business, while Nedelman will continue to head the

client business.

Redett will lead Carlyle's private equity business as well

as oversee the corporate private equity and real assets

businesses.

Justin Plouffe, who is the current deputy chief investment

officer for Carlyle's credit business, will succeed Redett as

the finance boss of Carlyle next year, the company said.

Michael Wand, who oversees the firm's private equity

business in Europe, will become the head of EMEA investments and

work in tandem with the company's co-presidents.

Admiral James Stavridis, the former Supreme Allied Commander

at NATO and Carlyle's vice chair of global affairs, will become

the company's vice chairman.

With $453 billion of assets under management, Carlyle

deploys private capital across private equity, credit and its

AlpInvest business.

Carlyle is set to report its quarterly results next week.

Its stock has jumped nearly 26% this year.

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