Apollo Global Management, Inc. (APO, Financial) has announced a significant change in its executive team. On February 26, 2025, Louis-Jacques Tanguy informed the company of his decision to resign from his position as Chief Accounting Officer and Controller. This decision coincides with his new appointment as Executive Vice President and Chief Financial Officer of Athene Holding Ltd. His resignation will be effective as of March 1, 2025.
In response to this development, Martin Kelly, the current Chief Financial Officer of Apollo Global Management, will temporarily take on the role of principal accounting officer. This interim appointment will remain in place while the company conducts a search for a permanent replacement for Mr. Tanguy. It is important to note that Mr. Kelly's compensation will remain unchanged despite his expanded responsibilities.
This executive transition highlights Apollo Global Management's commitment to maintaining strong leadership and ensuring continuity in its financial operations. Investors and stakeholders will be keenly observing how these changes impact the company's strategic direction and financial performance.
Should you invest in Apollo Global Management Inc (APO, Financial) right now? Before you do it, it’s important to understand the business profitability and stock valuations, and find out what the warning signs are about. See the in-depth Apollo Global Management Inc (APO) stock research here.