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Apollo Announces Review of Significant Governance Enhancements as Part of Continued Evolution ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Apollo Announces Review of Significant Governance Enhancements as Part of Continued Evolution ... Apollo Global Management, Inc.January 25, 2021 GMT New Directors Appointed and Board and Executive Committee to Consider Recommendations for Further Expansion, Simplified Voting Structure and Elimination of Executive Committee Leon Black to Retire on or before July 31, 2021 as CEO and to Remain Chairman,...
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Source: apnews.com

Apollo CEO Leon Black to step down following review of Jeffrey Epstein ties

Sources tell FOX Business’ Charlie Gasparino that Apollo hopes an outside law firm can help client concerns but executives say it’s hard to justify Epstein ties. Leon Black plans to step down as chief executive of Apollo Global Management Inc. after an independent review revealed larger-than-expected payments to disgraced financier Jeffrey Epstein that it nevertheless deemed justified. The monthslong review by Dechert LLP found no evidence that Mr. Black was involved in the criminal act...
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Apollo Global Management, LLC (NYSE:APO) - Apollo's Leon Black To Retire, Cleared Of Criminal Wrongdoing In Epstein Probe

Share: Shares of private equity company Apollo Global Management Inc (NYSE: APO) are trading higher after several news pieces released at the market close Monday. What Happened: An independent outside counsel found that Jeffrey Epstein was never retained by Apollo. It was also found that Epstein never invested in any Apollo-managed funds. The report came after Apollo Chairman and CEO Leon Black’s relationship with Epstein was called into question as being connected to Apollo. Black pushed fo...
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