Apollo Global Management (APO) Co-Founder Josh Harris to Step Down from Day to Day Role upon Completion of Athene (ATH) Merger

Apollo Global Management, Inc. (“Apollo” or “the firm”) (NYSE: APO) today announced that Co-Founder Josh Harris has decided to step down from his day-to-day role at the firm to return to his roots as an investor and entrepreneur. Mr. Harris will continue to serve on Apollo’s Board of Directors and Executive Committee of the Board. The effective date of Mr. Harris’ transition will coincide with Apollo’s combination with Athene (NYSE: ATH) expected to close in the first quarter of 2022.

Mr. Harris will focus on continuing to build his multi-asset-class investing business and HBSE, a sports and entertainment company, as well as growing his family’s foundation.

Apollo CEO Marc Rowan said, “Josh has been an amazing partner and it has been my privilege to work side by side with him for nearly 35 years as we helped build the firm into a leading financial services company. I am fortunate to be leading a business with an incredibly strong management team which Josh had a significant role in helping develop. I have no doubt Josh will be incredibly successful in whatever he sets his mind to and will continue to be available to us through his seat on the Board and the Executive Committee.”

Mr. Harris said in a statement: “After nearly 31 years at Apollo, it is time for me to start the next chapter of my career, where I will focus full-time on the platforms I’ve created outside of the firm as well as deepen my commitment to philanthropy and social impact.

“I have dedicated the past three decades to helping lead and build this incredible company. I leave knowing that our unrivaled and deeply talented global team is in the most capable hands under Marc’s leadership. I am grateful to Marc for his partnership and friendship.”

Led by a team of professionals overseen by Co-Presidents Scott Kleinman and James Zelter, Apollo recently reported earnings for the quarter ended March 31, 2021 with assets under management of approximately $461 billion, record fee-related earnings, a 22% appreciation of its funds’ private equity portfolios and efforts further positioning the firm for growth including the scaling of the High Grade Alpha platform and a variety of new initiatives.

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