Carlyle picks insiders for newly minted role of co-presidents after reshuffle
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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