News: Blackstone moves Akhil Gupta to role of non-executive chairman

Appointments

Blackstone moves Akhil Gupta to role of non-executive chairman

According to an Economic Times report, global buyout fund Blackstone has moved its high-profile head Akhil Gupta to the role of a non-executive chairman. It has appointed two senior managing directors to jointly lead private equity business. Amit Dixit and Mathew Cyriac will take over from Akhil Gupta. They were elevated as MDs after a succession planning that started more than two years ago, the report added.

According to an Economic Times report, global buyout fund Blackstone has moved its high-profile head Akhil Gupta to the role of a non-executive chairman. It has appointed two senior managing directors to jointly lead private equity business. Amit Dixit and Mathew Cyriac will take over from Akhil Gupta. They were elevated as MDs after a succession planning that started more than two years ago, the report added.

"There is a natural division of labour between me and Cyriac. The whole process is part of a natural succession plan," the report quoted Dixit as saying.

Read the complete report here

Read full story

Topics: Appointments, Leadership, C-Suite, #Movements

Did you find this story helpful?

Author

QUICK POLL

What are the top work tech investment focus areas for your company currently?

What does leadership mean in a hybrid world of work?

READ our latest issue for insights into what leaders need to pay attention to as workplace models evolve.