Apollo Global Management, Inc. (NYSE: APO) (together with its
consolidated subsidiaries, “Apollo”) today announced several
leadership changes across its investing business.
“These new appointments reflect Apollo’s deep
reservoir of proven investment talent and lay the foundation for
the firm’s next generation of leadership,” said Leon Black,
Founder, Chairman and Chief Executive Office of Apollo.
Within Apollo’s flagship private equity
business, Senior Partners Matt Nord and David Sambur have been
promoted to Co-Lead Partners of Private Equity. Both Nord and
Sambur have spent the majority of their careers at Apollo and they
each bring nearly two decades of industry experience to the role.
These changes will be effective immediately, and Nord and Sambur
will continue to report to Scott Kleinman.
Apollo’s Co-Presidents, Scott Kleinman and James
Zelter, said: “Matt and David have been at the helm of numerous
successful private equity transactions during their tenure at
Apollo across an array of industries. They have also been very
involved in the day to day operations of Apollo’s flagship private
equity business and have established themselves as leaders from a
strategy and culture standpoint. Given the breadth of their
experience, we believe Matt and David are poised to lead the
private equity business as we seek to maximize value in Funds VII
and VIII, continue to deploy capital in Fund IX, and position the
business for the future.“
Senior Partners Olivia Wassenaar and Geoff
Strong have been promoted to Co-Leads of Apollo’s Natural Resources
business, where they will oversee the firm’s existing and future
natural resources funds. Wassenaar, who joined Apollo more than a
year ago, has 15 years of investing experience in conventional oil
and gas, the broader energy value chain and resource
sustainability, and Strong, who joined Apollo in 2012, has 16 years
of experience investing in the energy, power, renewables and
infrastructure sectors. These new appointments will be effective
immediately, and Wassenaar and Strong will report to Scott
Kleinman.
Dylan Foo will be joining the firm as a Senior
Partner and Co-Lead of Apollo‘s Infrastructure business. Foo is an
industry veteran with 20 years of infrastructure investing
experience, most recently at AMP Capital. In order to optimize the
inherent synergies between Apollo’s infrastructure and natural
resources investment activities, Geoff Strong has also been
appointed as Co-Lead of Infrastructure. Foo and Strong will report
to Kleinman and Zelter.
Greg Beard, in his capacity as Senior Partner
and Global Head of Natural Resources, will be transitioning to a
role as a Senior Advisor to Apollo through mid-2020. The firm is
grateful for Greg’s many contributions and would like to thank him
for his dedication and commitment as he helped to build Apollo’s
natural resources franchise over the past ten years.
Mr. Kleinman and Mr. Zelter commented:
“Infrastructure and Natural Resources are key areas of investment
focus for Apollo, and we believe this new leadership structure will
best position these businesses for the future. Olivia, Geoff, and
Dylan have outstanding investment track records and leadership
experience, and they will work closely together to drive investment
strategy and talent, source attractive opportunities, and continue
to build value for our investors.”
About Matt NordMr. Nord, 40, is
a Senior Partner at Apollo Private Equity having joined in 2003.
Prior to that time, he was a member of the Investment Banking
division of Salomon Smith Barney Inc. Mr. Nord serves on the board
of directors of ADT, Intrado, Lifepoint Health, Presidio and Exela
Technologies, Inc. Mr. Nord previously served on the boards of
directors of Affinion Group, Constellium NV, EVERTEC, Hughes
Telematics, MidCap Financial, Mobile Satellite Ventures, Noranda
Aluminum and SourceHOV. Mr. Nord also serves on the board of
trustees of Montefiore Health System and on the board of overseers
of the University of Pennsylvania’s School of Design. He graduated
summa cum laude with a BS in economics from the University of
Pennsylvania’s Wharton School of Business.
About David SamburMr. Sambur,
39, is a Senior Partner at Apollo Private Equity having joined in
2004. Prior to that time, Mr. Sambur was a member of the Investment
Banking division of Salomon Smith Barney Inc. He serves on the
board of directors of CareerBuilder, Coinstar LLC, ClubCorp,
Diamond Resorts International Inc., EcoATM LLC, Mood Media, PlayAGS
Inc., Rackspace Inc., Redbox Automated Retail LLC, and Shutterfly.
Mr. Sambur previously served on the boards of directors of Caesars
Entertainment, Hexion Holdings, LLC, Momentive Performance
Materials, Inc. and Verso Paper Corporation. He is also a member of
the board of directors of Arbor Brothers, the Mount Sinai
Department of Medicine Advisory Board, and the Deans Advisory
Council for Emory College. Mr. Sambur graduated summa cum laude and
Phi Beta Kappa from Emory University with a BA in economics.
About Geoff StrongMr. Strong,
44, is a Senior Partner at Apollo Private Equity having joined in
2012, and is focused on the firm’s natural resources and
infrastructure investing activities. Prior to that time, Mr. Strong
worked in the Private Equity and Infrastructure groups at
Blackstone, where he focused primarily on investments in the energy
sector. Before Blackstone, he was a Vice President of Morgan
Stanley Capital Partners, the private equity business within Morgan
Stanley. Mr. Strong serves or has served on the board of directors
of the following Apollo portfolio companies or affiliates: Apex
Energy, Apollo Royalties Management, AIE Caledonia Holdings LLC,
Caelus Energy, Chisolm Oil and Gas, CPV Fairview, Double Eagle
Energy I, Double Eagle Energy II, Double Eagle Energy III,
Freestone Midstream, Momentum Minerals, Northwoods Energy, Pipeline
Funding Company LLC, Roundtable Energy, Spartan Energy Acquisition
Corp, Tumbleweed Royalty, and Vistra Energy. Mr. Strong graduated
summa cum laude with a BS in business administration from Western
Oregon University, graduated cum laude with a JD from Lewis &
Clark College, and graduated with an MBA from the University of
Pennsylvania’s Wharton School of Business. Mr. Strong also serves
as a member of the Wharton Alumni Board.
About Olivia Wassenaar Ms.
Wassenaar, 39, is a Senior Partner at Apollo Private Equity having
joined the firm in 2018, and is focused on the firm’s natural
resources investing activities. She serves on the boards of several
Apollo portfolio companies, including Apex Energy, American
Petroleum Partners, LifePoint Health, Pegasus Optimization
Managers, and Talos Energy (NYSE: TALO). Prior to joining
Apollo, Ms. Wassenaar was a Managing Director at Riverstone
Holdings, where she was a member of the investment team for ten
years. Previously, Ms. Wassenaar worked at Goldman Sachs in the
Investment Banking Division focusing on natural resources and at
The World Bank Group. Ms. Wassenaar also serves on the investment
committee of The Brearley School. She received her AB, magna cum
laude, from Harvard College and an MBA from the University of
Pennsylvania’s Wharton School of Business.
About Dylan FooMr. Foo, 42,
will be joining Apollo as a Senior Partner and Co-Lead of
Infrastructure. He is currently a Partner and Head of
Americas Infrastructure Equity at AMP Capital, where he is
primarily focused on investments in the transportation,
communications and social infrastructure sectors. Mr. Foo
has experience executing infrastructure transactions across
the globe and he brings significant experience building
infrastructure investment platforms. Mr. Foo has previously served
on the board of directors of Angel Trains (UK), Everstream,
Millennium Parking Garages, Smarte Karte, and ITS ConGlobal. He was
previously based in London, where he was focused on originating
European infrastructure assets. Before AMP Capital, Mr. Foo was a
member of the banking divisions at Westpac Bank and Morgan Stanley,
in Sydney and London, respectively. Mr. Foo holds a Bachelor of
International Business degree from Q.U.T., Australia and a Masters
of Applied Finance degree from Macquarie University, Australia.
About ApolloApollo is a leading
global alternative investment manager with offices in New York, Los
Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid,
Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and
Tokyo. Apollo had assets under management of approximately $312
billion as of June 30, 2019 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 March 1,
2019, and in Apollo’s quarterly report on Form 10-Q filed with the
SEC on August 6, 2019, 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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