Private equity major Carlyle has hired Susan Arnold, who Forbes said was the highest ranking woman in Procter & Gambles history, as an operating executive in its global consumer and retail group.
Arnold previously spent 29 years with Procter and Gamble in various positions including president of its $50bn global business unit before retiring in 2009.
In her new role, Arnold will provide strategic guidance throughout the investment process from sourcing to acquisition to exit and advise portfolio company executives on management, operational, branding and growth strategies.
The consumer and retail group has led Carlyle’s acquisition of numerous companies, including Dunkin’ Brands, philosophy, NBTY and CVC.
Carlyle managing director and head of the global consumer and retail group said, “We are pleased to welcome Susan to the Carlyle team following a remarkable 29-year career at Procter & Gamble.
“Susan’s depth and scope of strategic and operational experience in the consumer space will help us to create value in our existing portfolio and to make new promising investments.”
In the meantime, the Washington-based firm has bypassed private equity bidders to sell aviation information management company Arinc Incorporated to New York-listed Rockwell Collins for $1.39bn.
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