Carlyle CEO Kewsong Lee Steps Down; Co-Founder Bill Conway Appointed Interim CEO

Carlyle Group Inc.

Kewsong Lee steps down as CEO and Board member effective Aug 7, 2022; serves as Senior Advisor through year-end.
Co-Founder William E. Conway, current Non-Executive Co-Chairman and former Co-CEO, named Interim CEO.
Board forms Search Committee comprising Lawton Fitt, Anthony Welters, Linda Filler, Derica Rice to find permanent CEO.
Office of the CEO established; includes CIO Peter Clare, CFO Curtis Buser, COO Christopher Finn to support transition.
Reaffirms 2022 Fee Related Earnings target of $850M; AUM $376B as of June 30, 2022.

item 5.02 item 9.01

Executive movements

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

Appointed

Kewsong Lee

Senior Advisor

CG · Carlyle Group Inc.

Effective: 2022-08-07
Filed: August 8, 2022, 7:59 PM ET

Mr. Lee will serve as a Senior Advisor through the end of the year in order to assist with the transition.

Departed

Kewsong Lee

Chief Executive Officer

CG · Carlyle Group Inc.

Effective: 2022-08-07
Successor: William E. Conway
Filed: August 8, 2022, 7:59 PM ET

On August 7, 2022, The Carlyle Group Inc. (the “Company”) announced that the Company’s Board of Directors (the “Board”) and its Chief Executive Officer, Kewsong Lee, have mutually agreed that Mr. Lee will step down as Chief Executive Officer and a member of the Board, effective as of such date.

Appointed (interim)

William E. Conway

interim Chief Executive Officer

CG · Carlyle Group Inc.

Effective: 2022-08-07
Filed: August 8, 2022, 7:59 PM ET

The Board has appointed William E. Conway to serve as interim Chief Executive Officer until a permanent successor to Mr. Lee has been appointed.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kewsong Lee was appointed as Senior Advisor at Carlyle Group Inc..

Action: serve as
Role: Senior Advisor

Exact text from the filing

Mr. Lee will serve as a Senior Advisor through the end of the year in order to assist with the transition.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kewsong Lee departed as Chief Executive Officer at Carlyle Group Inc..

Action: stepped down
Role: Chief Executive Officer

Exact text from the filing

On August 7, 2022, The Carlyle Group Inc. (the “Company”) announced that the Company’s Board of Directors (the “Board”) and its Chief Executive Officer, Kewsong Lee, have mutually agreed that Mr. Lee will step down as Chief Executive Officer and a member of the Board, effective as of such date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

William E. Conway was appointed as interim Chief Executive Officer at Carlyle Group Inc..

Action: appointed
Role: interim Chief Executive Officer

Exact text from the filing

The Board has appointed William E. Conway to serve as interim Chief Executive Officer until a permanent successor to Mr. Lee has been appointed.

View on SEC.gov

Carlyle Group Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-214185

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