🤑 From Company Vet to Head Honcho, John Redett Cruises to CFO Spot at Carlyle 💼
TL;DR;
Carlyle Group gives John Redett the keys to the kingdom as the new Chief Financial Officer, with a promotion from within. Redett, not just an old-timer at Carlyle but also a former titan at Goldman Sachs and JPMorgan, also snags the title of Head of Corporate Strategy. Meanwhile, previous CFO Curt Buser is riding off into the sunset of retirement. Is this the beginning of a new era at Carlyle, or will it be business as usual? 🤔
Strap in folks, and buckle those financial seatbelts – we’re on the rollercoaster ride of the corporate world, where the only predictable thing is… unpredictability! 🎢🤷♂️
Climbing up the corporate ladder with the agility of a seasoned mountain goat, company veteran John Redett has been named as the new chief financial officer of the Carlyle Group Inc, according to a report on Tuesday. 🧗♂️💰
Redett, a man who’s been with Carlyle for 16 whopping years, was not just plucked from the meadows of the corporate world. Oh no, this chap has clocked up serious time at U.S. banking giants Goldman Sachs and JPMorgan. 👏 From this October, Redett will not only be juggling the CFO role, but also taking the wheel as the Head of Corporate Strategy. 🚗💼
But where does this leave Curt Buser, you ask? 🤔 Well, Buser, who held the CFO baton for nearly a decade, is waving goodbye at the end of the year. Yep, he’s retiring, folks, putting up his financial boots and possibly planning to catch up on all the Netflix series he’s missed. 📺🛋️
Remember the Carlyle CEO, Harvey Schwartz? Schwartz, himself an ex-Goldman Sachs executive, jumped into the CEO seat earlier this year after a six-month hunt. Now, we don’t know about you, but it seems like Carlyle has a thing for Goldman Sachs alumni. 🎓💼
Carlyle Group also revealed they have appointed Jim Burr as the head of global financial services. 🌐💼 And before we forget, Carlyle’s latest first-quarter results didn’t exactly paint a rosy picture, missing analyst estimates for distributable earnings. Apparently, a sharp drop in income from asset sales in its private-equity portfolio is to blame. 😕
In the grand scheme of things, we gotta ask: Is this corporate musical chairs game a strategy to boost those not-so-rosy numbers? Will Redett’s decades of experience turn the tide for Carlyle’s financial future? 🌊💰
While you ponder on that, let’s not forget the most important question: what will be Redett’s first big move as CFO? Will it be a smooth ride or is there a surprise around the corner? 🎢
And hey, remember, the big guys at Carlyle and Turnt Up News are making these decisions, not us. We’re just here watching the show and munching on popcorn. 🍿 So, let’s hear your thoughts. Is Carlyle’s future brighter with Redett in the driver’s seat, or are there speed bumps ahead? 🚧🚦
