Carl Icahn appoints former GE executive Kekedjian to head Icahn Enterprises, WSJ reports
Carl Icahn speaks at Delivering Alpha in New York on September 13, 2016.
David A. Grogan | CNBC
Carl Icahn has named former General Electric CEO Aris Kekedjian to head his eponymous investment firm, Icahn Enterprises, the billionaire businessman told the Wall Street Journal in an interview published on Sunday.
Kekedjian, GE’s chief investment officer until 2019, will take over as chief executive and chief operating officer of Icahn Enterprises on Monday, Icahn said.
Keith Cozza, the company’s current CEO, and SungHwan Cho, the company’s chief financial officer, are leaving, Icahn said. One reason for the departure is the company’s move from New York to Florida. The newspaper reported that Icahn Enterprises will appoint a new CFO at an unspecified date in the future.
Icahn Enterprises and Kekedjian did not immediately return requests for comments from CNBC.
Icahn Enterprises is a holding company with significant investments in energy, automobiles, real estate, and other sectors.
The company is publicly traded and has a market capitalization of more than $ 13 billion. Icahn, 85, chairman of Icahn Enterprises, is expected to eventually hand over the running of the company to his son Brett.