Carl Icahn Taps former GE executive to Be CEO of his firm
By Vaishnavi on Apr 04, 2021 | 05:34 AM IST
After forcing companies to make countless CEO changes in his career, Carl Icahn[IEP] is about to make one of his own.
The activist investor said he is hiring a former General Electric Co. executive to be CEO of his firm, which houses both his investment fund and a collection of companies he controls.
Aris Kekedjian, a 30-year GE veteran who was the industrial conglomerate’s chief investment officer until 2019, is to be named Icahn Enterprises LP’s chief executive and chief operating officer Monday, Mr. Icahn said in an interview.
Two longtime Icahn lieutenants—current CEO Keith Cozza and Chief Financial Officer SungHwan Cho—are leaving the firm. Mr. Icahn, who hired them in 2004 and 2006, respectively, praised their contributions and said they are leaving on excellent terms. A factor in the decision was that neither planned to relocate to the Miami area, where Mr. Icahn and his firm recently moved.
The firm is in the process of hiring a new finance chief, to be named at a later date.
Source: Wall Street Journal