---
schema_version: "secwatch.filing_event.v1"
accession: "0001527166-23-000007"
form_type: "8-K"
ticker: "CG"
cik: "0001527166"
company_name: "Carlyle Group Inc."
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-20T00:01:49.943021+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Carlyle names former Goldman Sachs exec Harvey Schwartz as CEO, effective Feb 15

## Summary
- Harvey Schwartz appointed CEO and board member effective Feb 15, 2023; Bill Conway returns to Co-Chairman role.
- Employment terms: $1M base salary, $3M target bonus, $180M inducement equity ($108M PSU, $72M RSU) tied to stock price hurdles.
- Make-whole compensation up to $19.5M cash + $3.1M donor-advised fund for forfeited awards from prior employer.
- Severance: 1.5x base+bonus (2x in change of control), plus prorated bonus and healthcare for 18 months.
- Schwartz previously served as President and Co-COO of Goldman Sachs from 1997.

## SEC filing metadata
- accession: 0001527166-23-000007
- form_type: 8-K
- ticker: CG
- cik: 0001527166
- company_name: Carlyle Group Inc.
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527166/000152716623000007/0001527166-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527166/000152716623000007/cg-20230205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001527166-23-000007
- JSON: https://secwatch.observer/filing/0001527166-23-000007.json
- Plain text: https://secwatch.observer/filing/0001527166-23-000007.txt

## Key facts
- Executive change
  Harvey M. Schwartz was appointed as Chief Executive Officer at Carlyle Group Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the Board of Directors of the Company (the "Board") has appointed Harvey M. Schwartz as Chief Executive Officer of the Company and a member of the Board, effective February 15, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527166/000152716623000007/0001527166-23-000007-index.htm
- Executive change
  Bill Conway changed role as Co-Chairman of the Board at Carlyle Group Inc..
  - Action: stepped down
  - Role: Co-Chairman of the Board
  source text: Bill Conway will step down as Interim Chief Executive Officer, maintaining his role as Co-Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527166/000152716623000007/0001527166-23-000007-index.htm

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