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.