Ex-GM CEO Moves Back To Carlyle

Mar 17 2014 | 3:41am ET

General Motors’ former CEO is returning to the Carlyle Group.

Daniel Akerson became vice chairman and special adviser to the private-equity firm on March 1, Carlyle said. He will be based at Carlyle’s Washington, D.C., headquarters.

Akerson stepped down as GM’s CEO in January. He took the top job at the automaker in 2010, a year after being named the U.S. government’s representative to its board following GM’s bailout.

Prior to joining GM, Akerson was head of global buyouts and co-head of U.S. buyouts at Carlyle.

“It’s a delight to welcome Dan back to Carlyle,” co-founder Daniel D’Aniello said. “His remarkable depth of leadership experience will be a great asset to the board and our investment teams.”


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...