Apollo Announces Board Changes with Gary Cohn's Appointment
Investor - People | Apr 17, 2025 | Apollo
Apollo Global Management announced significant changes to its Board of Directors. Gary Cohn, known for his leadership roles in financial services, has been appointed as Lead Independent Director, following the departure of Jay Clayton, who will assume the role of Interim US Attorney for the Southern District of New York. The transition will also see Marc Rowan, Apollo's CEO, taking on the expanded role of Chair of the Board. Clayton has acknowledged the growth and transformation Apollo has experienced under his leadership and expressed confidence in Cohn’s capability to uphold Apollo’s commitment to strong governance. Apollo remains focused on its growth initiatives across public and private markets, reinforced by its significant $751 billion in assets under management.
Sectors
- Financial Services
- Asset Management
- Corporate Governance
Geography
- United States – Apollo's headquarters and the appointment of Jay Clayton as Interim US Attorney for the Southern District of New York pertain directly to the United States.
Industry
- Financial Services – The article discusses the leadership changes at Apollo, a global financial services and asset management firm.
- Asset Management – Apollo's business is centered on providing asset management services and driving value through investments.
- Corporate Governance – The article highlights changes in the Board of Directors, a key aspect of corporate governance.
Financials
- $751 billion – Apollo's reported assets under management as of December 31, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Apollo Global Management, Inc. | Company making Board changes | Company | Apollo is a global alternative investment management firm. |
| Gary Cohn | Incoming Lead Independent Director | Person | Gary Cohn, former President of Goldman Sachs and Vice Chairman at IBM, joins Apollo's Board. |
| Jay Clayton | Outgoing Chair and Lead Independent Director | Person | Jay Clayton will assume the role of Interim US Attorney for SDNY. |
| Marc Rowan | CEO and newly appointed Board Chair | Person | Marc Rowan is the CEO and has now been appointed as the Chair of Apollo's Board. |