Global buyout giant Carlyle has re-hired ex-General Motors chairman and CEO Daniel Akerson as a vice chairman and special advisor to the board of directors.
Akerson, pictured, was previously co-head of US buyout at Carlyle between summer 2003 and mid-2009, before working as head of global buyout until August 2010.
He took over as General Motors CEO a month later, and was named chairman in January 2011.
Carlyle said Akerson’s new roles would see him give operational, investment and management guidance to the firm’s investment teams, management and board.
Carlyle co-founder and board chairman Daniel D’Aniello said, “It is a delight to welcome Dan back to Carlyle.
“His remarkable depth of leadership experience will be a great asset to the board and our investment teams.
“We applaud his leadership in the successful turnaround of General Motors, and look forward to his expertise in the years to come in service to our investors.”
Akerson said, “Carlyle is a natural fit as I embark on this next chapter of my professional life and I’m excited to return to familiar faces and new challenges.
“Carlyle’s long-term view of markets and investing has helped it to grow and successfully meet the changing needs of our investors.
“I look forward to strategic work with the board and the executive team, and collaborating with Carlyle’s talented investment professionals.”
Carlyle raised one of the biggest private equity funds since the global financial crisis last November by holding a $13bn final close for its Carlyle Partners VI vehicle.
More than 260 LPs from 43 countries piled into the fund, which began fundraising in 2011 with a $10bn target.
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