Ex-Wyeth CEO Joins Carlyle Group as Senior Advisor

(Reuters) – Global private equity firm The Carlyle Group said it has hired Robert Essner, former chief executive of pharmaceutical company Wyeth, as a senior adviser to its Global Healthcare group.

Essner, who was CEO at Wyeth for about seven years, retired in 2008 before the company’s takeover by drugmaker Pfizer Inc (PFE.N).

“We see a range of opportunities in the U.S. and globally for private capital to help strengthen and improve the efficiency and effectiveness of the healthcare sector,” Essner said in a statement.

Essner’s hire comes in the backdrop of private equity firms looking to recruit industry veterans to manage their portfolios.

Earlier this week, Carlyle hired Eric Kump from Dubai International Capital (DIC) to join its European buy-out team.

On Wednesday, former Procter & Gamble Co (PG.N) Chief Executive A.G. Lafley joined private equity firm Clayton, Dubilier & Rice as a special partner. (Reporting by Sakthi Prasad in Bangalore; Editing by Jarshad Kakkrakandy)