Carlyle CEO Kewsong Lee steps down as CEO

The Carlyle Group announced changes in its executive leadership team.

With CEO Kewsong Lee’s five-year employment agreement coming to a close at the end of 2022, the company’s board of directors and Lee mutually agreed as part of their discussions that the timing is right to initiate a search for a new CEO to lead Carlyle forward in its next phase of growth.

Lee will step down today as CEO and a member of the board of directors. He will be available as needed to assist in a transition. The board has appointed William Conway, co-founder, current non-executive co-chairman of the board, and former co-CEO, to serve as interim CEO.

A board’s search committee will drive the search for a permanent successor.

To assist Conway as he fulfills his duties as interim CEO and assure a seamless transition once a successor has been identified, an office of the CEO has been established. Comprising the office of the CEO will be: Peter Clare, CIO for corporate private