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Sept 9 — CVC Capital Partners said on Wednesday it has named insider Peter Rutland and TPG executive Todd Sisitsky as co-chief executive officers, effective the first quarter of 2028, when current CEO Rob Lucas steps down.
Lucas, who has led the group since 2021 and oversaw CVC's initial public offering on Euronext Amsterdam in 2024, will remain closely involved at a group level and in the private equity firm's investment activities after the transition, CVC said.
Sisitsky has been TPG president since 2021. TPG said in an SEC filing on Tuesday that Sisitsky had resigned from his role on September 6.
Rutland has been with CVC for 19 years and is currently a managing partner and president of the firm, which has about €212 billion ($246.47 billion) in assets under management.
($1 = 0.8601 euros)
(Reporting by Natalia Bueno Rebolledo in Mexico City; Editing by Shailesh Kuber and Subhranshu Sahu)
