Icahn Enterprises appoints Andrew Teno as CEO; NAV $4.76B, distribution $1.00

ICAHN ENTERPRISES L.P.

Andrew Teno, Icahn Capital portfolio manager, named President & CEO effective Feb 21, 2024; replaces David Willetts.
David Willetts becomes CEO of Pep Boys; base salary $1M, target bonus $1.55M, plus $50K relocation.
Estimated indicative NAV $4.76B as of Dec 31, 2023, down $411M vs prior quarter.
Quarterly distribution maintained at $1.00/unit (19% annualized yield); cash position $2.7B across Holding Co. & Investment segments.
New activist positions in American Electric Power (AEP) and JetBlue (JBLU) within Investment segment.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

David Willetts

President and Chief Executive Officer

IEP · ICAHN ENTERPRISES L.P.

Effective: 2024-02-21
Successor: Andrew J. Teno
Filed: February 21, 2024, 6:59 PM ET

Mr. Teno will succeed David Willetts, who resigned as President and Chief Executive Officer of the Company and as a member of the Board, effective on the Effective Date.

Appointed

Andrew J. Teno

President and Chief Executive Officer

IEP · ICAHN ENTERPRISES L.P.

Effective: 2024-02-21
Filed: February 21, 2024, 6:59 PM ET

On February 21, 2024, the Company announced the appointment of Andrew J. Teno as President and Chief Executive Officer of the Company and of Icahn Enterprises G.P. Inc. (“Icahn Enterprises GP”), the general partner of the Company and Icahn Enterprises Holdings L.P., effective as of February 21, 2024 (the “Effective Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David Willetts resigned as President and Chief Executive Officer at ICAHN ENTERPRISES L.P..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Teno will succeed David Willetts, who resigned as President and Chief Executive Officer of the Company and as a member of the Board, effective on the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew J. Teno was appointed as President and Chief Executive Officer at ICAHN ENTERPRISES L.P..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On February 21, 2024, the Company announced the appointment of Andrew J. Teno as President and Chief Executive Officer of the Company and of Icahn Enterprises G.P. Inc. (“Icahn Enterprises GP”), the general partner of the Company and Icahn Enterprises Holdings L.P., effective as of February 21, 2024 (the “Effective Date”).

View on SEC.gov

ICAHN ENTERPRISES L.P. filing history →

Source: SEC EDGAR

accession 0001104659-24-026032

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