– USA, NY – Apollo Global Management, Inc. (NYSE: APO) today announced the addition of David Simon to its Board of Directors, effective June 15, 2021, and upon closing of the combination of Athene and Apollo, four members of Athene’s Board of Directors will join the Board of Directors of the combined company.
Earlier this year, Apollo announced that the combined company will have a diverse, 18-member board which will be two-thirds independent.
“On behalf of the Board and the firm, I am delighted that David, Jim, Mitra, Marc, and Lynn will be joining the Board. They each bring important experience and industry insight that will help guide the combined company’s continued growth for years to come,” said Apollo CEO Marc Rowan. “Apollo continues to strengthen our industry-leading corporate governance and focus on closing our merger with Athene, which will enhance our ability to serve our clients, including retirees. Each of these appointments underscores our commitment to transparency and oversight as we drive returns for our clients. We are proud to have professionals of their caliber joining our Board.”
Jay Clayton, non-executive chair of the Board, added, “I look forward to working closely with David and the team from Athene as we drive our strategy and continued corporate governance enhancements. Their impressive backgrounds and industry insights will lend invaluable perspective as we execute on our strategy for the future, continuing to differentiate Apollo in the marketplace and deliver for our clients and shareholders.”
About David Simon
David Simon is one of the world’s top-performing CEOs with decades of experience in financing, deal-making, and real estate. Mr. Simon helped take Simon Property Group public in 1993 and has served as CEO since 1995 and Chairman of the Board of Directors since 2007. He is a member and former chairman of the National Association of Real Estate Investment Trusts.
In addition to Mr. Simon, four directors from Athene will be added to the Board of Directors of the combined company upon consummation of the Athene-Apollo merger, including Athene Chairman and CEO Jim Belardi, as indicated when the merger was announced on March 8, 2021. Athene directors Mitra Hormozi, Marc Beilinson, and Lynn Swann will also join the board of the combined company upon closing the merger, which is expected in January 2022. Physician and scientist Siddhartha Mukherjee, whose counsel has added great value over the past few months, has informed Apollo that he will not stand for reelection after his term is complete. He will continue to provide advice to the company on technology matters after the completion of his term.
Ms. Hormozi was Executive Vice President and General Counsel of Revlon until 2019 and has served on Athene’s Board since 2018. Mr. Beilinson serves as Managing Director of Beilinson Advisory Group and has held a variety of executive leadership positions in his career. He is the lead independent director of Athene’s Board of Directors, of which he has been a member since 2013.
Mr. Swann, who joined Athene’s board in 2020, is the president of Swann, Inc. and a Hall of Fame athlete who was the Athletic Director of the University of Southern California until 2019 and former wide receiver for the Pittsburgh Steelers.
About Apollo
Apollo is a high-growth, global alternative asset manager. We seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid and opportunistic. Through our investment activity across our fully integrated platform, we serve the retirement income and financial return needs of our clients, and we offer innovative capital solutions to businesses. Our patient, creative, knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2021, Apollo had approximately $461 billion of assets under management.
For more information: https://www.apollo.com/
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