The Carlyle Group has re-hired former General Motors chairman and chief executive officer Daniel Akerson as vice chairman and special advisor to the board of directors. Akerson will give operational, investment and management guidance to Carlyle’s investment teams, management and board. Prior to joining GM in 2009, Akerson was a managing director at the firm.
Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that former General Motors Chairman and CEO Daniel F. Akerson rejoined the firm on March 1, 2014 as Vice Chairman and Special Advisor to the Board of Directors. In these new roles, Mr. Akerson, 65, will give operational, investment and management guidance to Carlyle’s investment teams, firm management and the Board of directors. He is based in Carlyle’s Washington, DC headquarters.
Carlyle Co-Founder and Chairman of the Board Daniel A. D’Aniello said, “It is a delight to welcome Dan back to Carlyle. His remarkable depth of leadership experience will be a great asset to the Board and our investment teams. We applaud his leadership in the successful turnaround of General Motors, and look forward to his expertise in the years to come in service to our investors.”
Mr. Akerson said, “Carlyle is a natural fit as I embark on this next chapter of my professional life and I’m excited to return to familiar faces and new challenges. Carlyle’s long-term view of markets and investing has helped it to grow and successfully meet the changing needs of our investors. I look forward to strategic work with the Board and the executive team, and collaborating with Carlyle’s talented investment professionals.”
Mr. Akerson returns to Carlyle with extensive leadership, management and operating experience. Prior to joining GM in 2009, Mr. Akerson was a Managing Director of The Carlyle Group, serving as Head of Global Buyout from July 2009 to August 2010 and as Co-Head of U.S. Buyout from June 2003 to June 2009. Before joining Carlyle the first time, Mr. Akerson served in a number of senior corporate leadership roles, including President and COO of MCI Communications, Chairman and CEO of General Instruments, Chairman and CEO of Nextel, and Chairman and CEO of XO Communications.
Mr. Akerson earned his B.S. in engineering from the U.S. Naval Academy and his M.Sc. in economics from the London School of Economics.
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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with approximately $189 billion of assets under management across 118 funds and 100 fund of funds vehicles as of December 31, 2013. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,500 people in 34 offices across six continents.