Matt Nord and David Sambur Promoted to Co-Lead Partners of Private Equity
Olivia Wassenaar and Geoff Strong Promoted to Co-Leads of Natural Resources
Dylan Foo Joins Apollo as Co-Lead of Infrastructure
Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced several leadership changes across its investing business.
“These new appointments reflect Apollo’s deep reservoir of proven investment talent and lay the foundation for the firm’s next generation of leadership,” said Leon Black, Founder, Chairman and Chief Executive Office of Apollo.
Within Apollo’s flagship private equity business, Senior Partners Matt Nord and David Sambur have been promoted to Co-Lead Partners of Private Equity. Both Nord and Sambur have spent the majority of their careers at Apollo and they each bring nearly two decades of industry experience to the role. These changes will be effective immediately, and Nord and Sambur will continue to report to Scott Kleinman.
Apollo’s Co-Presidents, Scott Kleinman and James Zelter, said: “Matt and David have been at the helm of numerous successful private equity transactions during their tenure at Apollo across an array of industries. They have also been very involved in the day to day operations of Apollo’s flagship private equity business and have established themselves as leaders from a strategy and culture standpoint. Given the breadth of their experience, we believe Matt and David are poised to lead the private equity business as we seek to maximize value in Funds VII and VIII, continue to deploy capital in Fund IX, and position the business for the future.“
Senior Partners Olivia Wassenaar and Geoff Strong have been promoted to Co-Leads of Apollo’s Natural Resources business, where they will oversee the firm’s existing and future natural resources funds. Wassenaar, who joined Apollo more than a year ago, has 15 years of investing experience in conventional oil and gas, the broader energy value chain and resource sustainability, and Strong, who joined Apollo in 2012, has 16 years of experience investing in the energy, power, renewables and infrastructure sectors. These new appointments will be effective immediately, and Wassenaar and Strong will report to Scott Kleinman.
Dylan Foo will be joining the firm as a Senior Partner and Co-Lead of Apollo‘s Infrastructure business. Foo is an industry veteran with 20 years of infrastructure investing experience, most recently at AMP Capital. In order to optimize the inherent synergies between Apollo’s infrastructure and natural resources investment activities, Geoff Strong has also been appointed as Co-Lead of Infrastructure. Foo and Strong will report to Kleinman and Zelter.
Greg Beard, in his capacity as Senior Partner and Global Head of Natural Resources, will be transitioning to a role as a Senior Advisor to Apollo through mid-2020. The firm is grateful for Greg’s many contributions and would like to thank him for his dedication and commitment as he helped to build Apollo’s natural resources franchise over the past ten years.
Mr. Kleinman and Mr. Zelter commented: “Infrastructure and Natural Resources are key areas of investment focus for Apollo, and we believe this new leadership structure will best position these businesses for the future. Olivia, Geoff, and Dylan have outstanding investment track records and leadership experience, and they will work closely together to drive investment strategy and talent, source attractive opportunities, and continue to build value for our investors.”
