Former General Motors CEO Dan Akerson has been named Vice Chairman to the private-equity firm Carlyle Group’s board of directors, where he will act as special adviser to the firm’s investment teams, managment and the board itself.
Bloomberg reports Akerson returned to Carlyle March 1, having headed the firm’s global buyouts and co-headed the U.S. buyouts divisions prior to steering General Motors out of bankruptcy beginning in 2009. His history with the company goes back to the 1980s when Akerson was both COO and president of MCI; one of the firm’s co-founders, William Conway, was CFO at the telecommunications company.
Carlyle board chairman and co-founder Daniel D’Aniello believes Akerson’s return will prove beneficial overall to the firm:
His remarkable depth of leadership experience will be a great asset to the board and our investment teams.
Carlyle oversees $189 billion in assets, conducting leveraged buyouts in telecommunications, transportation, and health care industries among others. The firm also oversees real estate, credit and hedge funds.