Carlyle Chief Executive to Step Down


Carlyle Group Inc. Chief Government Kewsong Lee is leaving the private-equity agency, because it struggles to broaden and its shares lag.

Carlyle mentioned late Sunday after The Wall Road Journal inquired in regards to the matter that Mr. Lee will step down as CEO instantly and can go away the agency when his five-year employment settlement ends on the finish of this yr. William Conway, a co-founder and former co-CEO of the agency, will function interim chief government till a everlasting successor will be discovered.


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