PEGCC picks political veteran as new CEO

The Private Equity Growth Capital Council (PEGCC) named Mike Sommers its president and chief executive officer. Sommers previously worked as chief of staff to former House of Representatives Speaker John Boehner.

He replaces Steve Judge, who left the trade association in August.

Sommers started working for Boehner in 1997 as an intern and served as the congressman’s deputy chief of staff, policy director, legislative director and press secretary. He also spent a year as special assistant to President George W. Bush at the National Economic Council. In this capacity, he advised the President on agriculture, trade and food policy.

The PEGCC represents more than 35 private equity firms, including Blackstone Group, Carlyle Group and KKR & Co., in their dealings with U.S. regulators and lawmakers. The council has advocated against proposals that seek to change the tax treatment of carried interest from a capital gain to ordinary income.

“We are thrilled that Mike has agreed to lead the PEGCC,” said Ken Mehlman, PEGCC chairman of the board and KKR executive. “His deep understanding of the policy process, bipartisan respect, management experience and creative approach will serve the PEGCC and our members well. We look forward to his leadership of the Council.”

Sommers is a native of Illinois and graduate of Miami University in Oxford, Ohio. He will begin his role in early February.

Action Item: Get in touch with PEGCC here: 202-465-7700

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