Wednesday, 31 August 2016
Last updated 3 hours ago
Dec 13 2010 | 3:37am ET
The Carlyle Group may well move forward with an initial public offering in 2012, but it will do so without the executive brought on to spearhead it.
Peter Nachtwey, the private equity giant’s chief financial officer, is leaving the firm “to pursue a great new opportunity for him, which we understand will be announced soon,” Carlyle spokesman Christopher Ullman said.
Glenn Youngkin will take over as interim CFO.
Nachtwey joined Carlyle in 2007 from Deloitte & Touche as the firm first mulled going public. The $100 billion firm has considered—and shelved—plans for an IPO since the summer of that year, when the Blackstone Group first listed. Nachtwey worked on the Blackstone deal at Deloitte.