GE, P&G Veterans Bolster Carlyle

Aug 20 2013 | 9:33am ET

The Carlyle Group has made a pair of top hires to handle its power and consumer and retail investments.

The firm today said it had named Matthew O'Connor co-head of its power investments group. He will lead the unit—a team that joined the private-equity giant last year when it acquired Congentrix—with the current co-chief, Robert Mancini.

O'Connor joins from General Electric, where he was executive vice president for financing at GE Capital's aviation services unit.

"His experience in the power markets, as well as global lending and strategy across the energy markets, adds important leadership depth and experience to our capabilities as we expand Carlyle's investment footprint in the power sector," Mancini said.

Carlyle has also named a new operating executive for its consumer and retail group, picking former Procter & Gamble executive Susan Arnold to fill the post. Arnold was president of global business units at P&G until her retirement in 2009 and will join Carlyle next month.

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