Apollo Global Management, LLC (together with its consolidated
subsidiaries, “Apollo” or the “Company”) (NYSE: APO) today
announced an expansion of its executive leadership team with the
elevation of Lead Partner and Chief Operating Officer (Credit)
Anthony Civale and Chief Financial Officer Martin Kelly to serve as
Co-Chief Operating Officers of the Company. Mr. Kelly will continue
in his role as CFO.
In their new capacities, Mr. Civale and Mr.
Kelly will oversee Apollo’s business operations and corporate
infrastructure. Working closely with the Co-Presidents, James
Zelter and Scott Kleinman, Mr. Civale and Mr. Kelly will elevate
the role of Apollo’s business platform, further enabling the
Company’s continued growth.
The appointments of Mr. Civale and Mr. Kelly to
the newly created positions of Co-Chief Operating Officers will be
effective as of January 15, 2019, and they, along with Mr. Zelter
and Mr. Kleinman will report directly to Josh Harris, Co-Founder of
Apollo.
“Anthony and Martin have held a diverse set of
leadership positions within Apollo and both have proven themselves
as exceptional leaders and business builders,” said Leon Black,
Chairman and Chief Executive Officer. “This new leadership
structure positions Apollo to manage its extraordinary growth even
more effectively while capitalizing on a broad range of exciting
opportunities.”
Mr. Harris said, “During his 20 years at Apollo,
Anthony has established deep roots in our cornerstone private
equity business and has worked closely with Jim in developing our
world class alternative credit platform. Martin has made a
significant impact since joining Apollo as CFO in 2012, achieving
meaningful improvements in our Fee Related Earnings margins,
enhancing our reporting and transparency, and skillfully aligning
the firm’s operations with the ongoing expansion of its investment
businesses. The elevation of Anthony and Martin to their new roles
further strengthens our executive leadership team and demonstrates
the deep and talented bench of leaders at Apollo.”
About Anthony CivaleAnthony
Civale, 44, joined Apollo in 1999, has served in senior roles
across the company and is a member of the firm’s Management
Committee. He was a Senior Partner in Apollo’s private equity
business and served on the Board of Directors of Berry Plastics
Group, Goodman Global, Harrah’s Entertainment, HFA Holdings
Limited, and Prestige Cruises. Most recently, Mr. Civale was
Lead Partner and Chief Operating Officer of Apollo’s credit
business and co-founded the performing credit and structured credit
businesses. Mr. Civale has also been involved in charitable
endeavors including his service on the Board of Trustees of
Middlebury College and the Board of Directors of both Youth, I.N.C.
and Focus For a Future. Before joining Apollo, Mr. Civale was
employed by Deutsche Bank Securities, Inc. and Bankers Trust
Company within the Corporate Finance division responsible for
sourcing, structuring and executing financing and merger and
acquisition advice for the firm’s private equity clients. Mr.
Civale graduated from Middlebury College with a Bachelors of Arts
in Political Science.
About Martin KellyMartin Kelly,
51, has been the Chief Financial Officer at Apollo since 2012 and
is a member of the firm’s Management Committee. From 2000 to 2012,
Mr. Kelly was with Barclays and Lehman Brothers in leadership roles
that included overseeing finance of the equities, investment
banking and fixed income businesses. Most recently, Mr. Kelly
served as Managing Director, Chief Financial Officer of the
Americas, and Global Head of Financial Control for the Corporate
and Investment Bank at Barclays. During this time, Mr. Kelly
also spent seven years, from 2000 to 2007, providing accounting and
regulatory advice to support the development and distribution of
investment and financing products to corporate and institutional
clients. Before joining Lehman Brothers in 2000, Mr. Kelly
spent 13 years with PricewaterhouseCoopers, including serving in
the Financial Services Group in New York from 1994 to 2000.
He was appointed a Partner of the firm in 1999. Mr. Kelly
received a degree in commerce, majoring in finance and accounting,
from the University of New South Wales in 1989.
About ApolloApollo is a leading
global alternative investment manager with offices in New York, Los
Angeles, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg,
Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. Apollo had
assets under management of approximately $270 billion as of
September 30, 2018 in private equity, credit and real assets funds
invested across a core group of nine industries where Apollo has
considerable knowledge and resources. For more information about
Apollo, please visit www.apollo.com.
Forward Looking StatementsThis
press release may contain forward looking statements that are
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements include, but are not limited to,
discussions related to Apollo’s expectations regarding the
performance of its business, its liquidity and capital resources
and the other non-historical statements in the discussion and
analysis. These forward-looking statements are based on
management's beliefs, as well as assumptions made by, and
information currently available to, management. When used in this
press release, the words “believe,” “anticipate,” “estimate,”
“expect,” “intend” and similar expressions are intended to identify
forward-looking statements. Although management believes that the
expectations reflected in these forward-looking statements are
reasonable, it can give no assurance that these expectations will
prove to have been correct. These statements are subject to certain
risks, uncertainties and assumptions, including risks relating to
our dependence on certain key personnel, our ability to raise new
private equity, credit or real asset funds, market conditions,
generally, our ability to manage our growth, fund performance,
changes in our regulatory environment and tax status, the
variability of our revenues, net income and cash flow, our use of
leverage to finance our businesses and investments by our funds and
litigation risks, among others. We believe these factors include
but are not limited to those described under the section entitled
“Risk Factors” in Apollo’s annual report on Form 10-K filed with
the Securities and Exchange Commission (the “SEC”) on February 12,
2018, as such factors may be updated from time to time in our
periodic filings with the SEC, which are accessible on the SEC’s
website at www.sec.gov. These factors should not be construed as
exhaustive and should be read in conjunction with the other
cautionary statements that are included in this press release and
in other filings. We undertake no obligation to publicly update or
review any forward-looking statements, whether as a result of new
information, future developments or otherwise, except as required
by applicable law. This press release does not constitute an offer
of any Apollo fund.
Contact Information
Apollo Global Management
For investors please contact:Gary M. SteinHead
of Corporate CommunicationsApollo Global Management, LLC(212)
822-0467gstein@apollo.com
Ann DaiInvestor Relations ManagerApollo Global
Management, LLC(212) 822-0678adai@apollo.com
For media inquiries please contact:Charles
ZehrenRubenstein Associates, Inc. for Apollo Global Management,
LLC(212) 843-8590czehren@rubenstein.com
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