Carlyle names former Goldman exec Harvey Schwartz new CEO
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The Carlyle Group has appointed former Goldman Sachs Inc executive Harvey Schwartz as the company’s new CEO.
Schwartz will take control of the Washington D.C.-based private equity firm on Feb. 15. He replaces co-founder and interim CEO Bill Conway, who will remain co-chairman of the board.
Conway replaced Kewsong Lee, who stepped down in August 2022 as his five-year employment agreement was ending.
"We would view the conclusion of this (CEO) search as a positive," Jefferies analysts wrote in a note, while adding there will be a "necessary grace period to better understand any new strategic initiatives."
CARLYLE CEO KEWSONG LEE STEPS DOWN BEFORE CONTRACT END AND BILL CONWAY STEPS IN AS INTERIM CEO