The Carlyle Group Names Former Procter & Gamble Executive Susan Arnold Operating Executive for Consumer & Retail Group
August 13 2013 - 7:00AM
Business Wire
Global alternative asset manager The Carlyle Group (NASDAQ: CG)
today announced that Susan E. Arnold, former Procter & Gamble
President of Global Business Units, has joined the firm as an
Operating Executive in the Global Consumer & Retail group. She
begins her duties in September.
As an Operating Executive, Ms. Arnold will provide strategic
guidance to Carlyle professionals throughout the investment
process, from sourcing to acquisition to exit and advise portfolio
company executives on management, operational, branding and growth
strategies. She joins a group of 24 senior business executives –
with an average of 40 years of experience – who help Carlyle create
value across a range of industries.
Sandra Horbach, Carlyle Managing Director and Head of the Global
Consumer & Retail group, said, “We are pleased to welcome Susan
to the Carlyle team following a remarkable 29-year career at
Procter & Gamble. Susan’s depth and scope of strategic and
operational experience in the consumer space will help us to create
value in our existing portfolio and to make new promising
investments.”
Ms. Arnold said, “I am excited to become part of a firm that is
committed to strengthening brands and creating value. Sandra and
her team have a track record of success and I am eager to
contribute to their efforts.”
The Consumer & Retail group has led Carlyle’s acquisition of
numerous companies, including: Dunkin’ Brands, philosophy, NBTY and
CVC.
Ms. Arnold joined Proctor & Gamble in 1980 and retired in
2009. Prior to serving as President of Proctor & Gamble’s $50
billion Global Business Unit, Ms. Arnold held various positions
within the firm, including Vice Chairman of Global Beauty Care and
Health, and President of Global Personal Beauty and Global Feminine
Care. She currently serves on the Board of Directors of Disney and
McDonalds.
Ms. Arnold earned her bachelor’s degree in psychology from the
University of Pennsylvania and her MBA from the University of
Pittsburgh.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset
manager with $180 billion of assets under management across 118
funds and 81 fund of funds vehicles as of June 30, 2013. Carlyle's
purpose is to invest wisely and create value on behalf of its
investors, many of whom are public pensions. Carlyle invests across
four segments – Corporate Private Equity, Real Assets, Global
Market Strategies and Global Solutions – in Africa, Asia,
Australia, Europe, the Middle East, North America and South
America. Carlyle has expertise in various industries, including:
aerospace, defense & government services, consumer &
retail, energy, financial services, healthcare, industrial,
technology & business services, telecommunications & media
and transportation. The Carlyle Group employs more than 1,400
people in 34 offices across six continents.
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