Carlyle Appoints Sharda Cherwoo as an Independent Director
April 26 2023 - 7:00AM
Global investment firm Carlyle (NASDAQ: CG) today announced the
appointment of Sharda Cherwoo, retired Ernst & Young LLP (“EY”)
senior partner, to serve as an independent director of its Board of
Directors and a member of the Audit Committee of the Board,
effective June 1, 2023. With this appointment, Carlyle’s Board of
Directors will comprise 13 members.
Ms. Cherwoo spent her entire, nearly 40-year career at Ernst
& Young (EY), with a specialized industry focus on private
equity, financial services, health care, and emerging disruptive
technologies, across diverse industries. Most recently, she served
as EY’s Americas Intelligent Automation Leader and Partner, a role
in which she spearheaded and founded the company’s intelligent
automation strategy focused on robotic process automation (RPA) and
AI, leading to talent development and transformation. She led and
built a billion-dollar, market-leading digital transformation
business, and worked with global clients and teams across diverse
industries in more than 20 countries. During her EY tenure, Ms.
Cherwoo also served as a Senior Advisory Partner in EY’s Private
Equity practice group, since 2009 and served financial services
clients as a Global Client Service Partner and Global Tax Account
Leader, since 1991. From 2001 to 2004, Ms. Cherwoo served as the
founding Chief Executive Officer of EY’s Global Shared Services
operations in Bangalore, India, which was EY’s first global
offshoring center for client-facing operations.
Harvey Schwartz, Chief Executive Officer of Carlyle, said, “I am
pleased to welcome Sharda to the Carlyle Board of Directors and
look forward to her contributions given her global experience,
strategic skillset, and diverse perspectives. Her background
leading and building businesses combined with her digital
transformation acumen will benefit Carlyle as we continue to drive
our next phase of growth and deliver long-term value for our
shareholders, investors, and all stakeholders.”
Carlyle Co-Founders and Co-Chairmen of the Board of Directors,
Bill Conway and David Rubenstein, added, “We are delighted that
Sharda will join the Board as an independent director, and we are
confident she will be a tremendous asset to Carlyle given her
leadership experience and reputation as an innovative thinker and
collaborative partner.”
Lawton Fitt, Lead Independent Director, said, “On behalf of the
Board, we are thrilled that Sharda will join as an independent
director. Sharda brings critical knowledge and expertise relevant
to Carlyle that will help the firm continue to create value in the
years ahead.”
Sharda Cherwoo said, “The strength of Carlyle’s brand is widely
known throughout the market. I am looking forward to joining the
Board and bringing diverse perspectives during such a pivotal
moment for the firm’s growth and transformation.”
Ms. Cherwoo currently serves on the board of World Fuel Services
Corporation and is a former board member of Doma Holdings Inc. and
World Quantum Growth Acquisition Corporation. In addition, Ms.
Cherwoo has been a member of the Advisory Board of Land O’Lakes
Inc. since 2020, a Board Director of Tax Analysts since 2020, a
board member of the National Association of Corporate Directors –
New York Chapter since 2021, and a member of the Board of Trustees
of International House of York since 2008.
Ms. Cherwoo is a Certified Public Accountant and holds a B.Sc.
in Accounting as Valedictorian from Sacred Heart University in
Fairfield, Connecticut. Ms. Cherwoo has also attended Executive
Education programs at Harvard Business School for Strategic
Leadership for EY Partners and at Northwestern University, Kellogg
School of Management.
About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep
industry expertise that deploys private capital across three
business segments: Global Private Equity, Global Credit and Global
Investment Solutions. With $373 billion of assets under management
as of December 31, 2022, Carlyle’s purpose is to invest wisely and
create value on behalf of its investors, portfolio companies and
the communities in which we live and invest. Carlyle employs more
than 2,100 people in 29 offices across five continents.
Media:Leigh Farris Phone: +1 (212)
813-4815 leigh.farris@carlyle.com
Public Market Investor Relations:Daniel
HarrisPhone: +1 (212) 813-4527
daniel.harris@carlyle.com
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