---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-026032"
form_type: "8-K"
ticker: "IEP"
cik: "0000813762"
company_name: "ICAHN ENTERPRISES L.P."
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:31:17.583103+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-026032
- form_type: 8-K
- ticker: IEP
- cik: 0000813762
- company_name: ICAHN ENTERPRISES L.P.
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813762/000110465924026032/0001104659-24-026032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813762/000110465924026032/tm246838d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-026032
- JSON: https://secwatch.observer/filing/0001104659-24-026032.json
- Plain text: https://secwatch.observer/filing/0001104659-24-026032.txt

## Key facts
- Executive change
  David Willetts resigned as President and Chief Executive Officer at ICAHN ENTERPRISES L.P..
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/813762/000110465924026032/0001104659-24-026032-index.htm
- Executive change
  Andrew J. Teno was appointed as President and Chief Executive Officer at ICAHN ENTERPRISES L.P..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/813762/000110465924026032/0001104659-24-026032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.