Carlyle picks three veterans for newly minted role of co-president

By Arasu Kannagi Basil

(Reuters) -Investment firm Carlyle announced on Monday it has rejigged its senior leadership ranks and named three of its veterans for its newly created role of co-president.

Chief Financial Officer John Redett, credit head Mark Jenkins and client business head Jeff Nedelman will become Carlyle'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.

Under Schwartz's leadership, Carlyle has undergone a multi-year transformation to turnaround the business by rejigging leadership and realigning its compensation model, while expanding beyond its private equity roots.

Carlyle said the 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.

The move should accelerate growth across segments while freeing up the CEO to focus on key areas such as solutions and wealth management businesses, TD Cowen analysts said.

"The moves seem logical in that the CEO is creating the next leg of leadership," they said, adding Carlyle was entering its next phase of evolution.

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 and oversee the corporate private equity and real assets businesses.

Justin Plouffe, the deputy chief investment officer for Carlyle's credit business, will succeed Redett as Carlyle's finance boss 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 closely 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.

Carlyle manages $453 billion in assets across private equity, credit and its AlpInvest business. It will report quarterly results next week.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shreya Biswas)

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