Lee to be sole Carlyle CEO as Youngkin steps down

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Go back to Lee to be sole Carlyle CEO as Youngkin steps down

Carlyle Group (CG) Announces Glenn Youngkin to Retire as Co-CEO after 25 years; Kewsong Lee Named Sole CEO

July 21, 2020 7:36 AM EDT

Global investment firm The Carlyle Group (NASDAQ: CG) today announced that Glenn Youngkin has decided to step down as co-CEO of The Carlyle Group and the Board of Directors has appointed Kewsong Lee, who has served as co-CEO with Glenn, as the firms chief executive officer.

Glenn will step down as co-CEO and retire from the firm on September 30, 2020 and will work with the rest of management to transition his responsibilities over his remaining tenure.

Kewsong Lee has been co-CEO alongside Glenn since 2018. Before that, he served as Deputy Chief Investment... More