Veteran executives appointed as co-presidents in Carlyle's latest position
Investment firm Carlyle has announced a significant restructuring of its senior leadership, effective January 1, 2026. The changes aim to bolster the company's ability to operate at scale in a competitive environment and accelerate growth across segments.
The appointments include the elevation of John Redett, Mark Jenkins, and Jeff Nedelman as co-presidents of Carlyle International. These appointments are part of a multi-year transformation under CEO Harvey Schwartz, who will focus on key areas such as solutions and wealth management businesses.
John Redett, Carlyle’s top corporate strategist, will lead the private equity business and oversee the corporate private equity and real assets businesses. He will also take on the role of leading the firm's private equity business, a position previously held by Schwartz. Mark Jenkins, who heads credit, will lead the credit and insurance business, positioning him in charge of Carlyle’s credit business operations and strategy. Jeff Nedelman, who leads client business, will continue to head the client business, overseeing client relationships and business development activities.
Michael Wand, who oversees the firm's private equity business in Europe, will become the head of EMEA investments and work closely with the company's co-presidents. The company has not specified a successor for the role of head of the credit and insurance business, which Jenkins will lead, or for the role of head of the client business, which Nedelman will continue to head.
Justin Plouffe, the deputy chief investment officer for Carlyle's credit business, will succeed Redett as Carlyle's finance boss next year. Admiral James Stavridis, the former Supreme Allied Commander at NATO and Carlyle's vice chair of global affairs, will become the company's vice chairman.
These changes reflect a shared leadership model to drive the firm's private equity and alternative investment businesses forward. The move is expected to strengthen and solidify Carlyle’s top management team, and TD Cowen analysts view the moves as logical and indicative of Carlyle entering its next phase of evolution.
Carlyle manages $453 billion in assets across private equity, credit, and its AlpInvest business. The transformation includes reorganizing leadership, realigning the compensation model, and expanding beyond private equity roots.
Carlyle will report quarterly results next week.
References:
- Carlyle Taps Three Co-Presidents to Lead Firm
- Carlyle Names Co-Presidents to Lead Firm
- Carlyle Appoints Three Co-Presidents to Lead Firm
- The appointments of John Redett, Mark Jenkins, and Jeff Nedelman as co-presidents of Carlyle International will leverage their expertise in finance and business to lead the company's expansion beyond private equity roots.
- The restructuring of Carlyle's senior leadership, including the appointment of Justin Plouffe as finance boss, aims to bolster its ability to manage its $453 billion in assets across various businesses, such as private equity, credit, and real assets.
