Apollo co-founder Josh Harris resigns after closing a deal with Athena

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The company said on Thursday that Josh Harris, one of the co-founders of the US private equity group Apollo Global Management, will no longer participate in the company after the merger with insurance company Athena. .

Harris, like Leon Black and Marc Rowan, are part of the trio of alliances that rule Apollo. After this move, he will continue to serve as a member of the board of directors and executive committee.

Apollo said in a statement that Harris will “regain its roots as an investor and entrepreneur.”

This will take effect in early 2022, when Athena dealIt will shut down Apollo and make it a $30 billion financial conglomerate.

Black agrees to step down A report by the Dechert law firm (Dechert) found that within five years (as of 2017) when Jeffrey Epstein, who had ended pedophilia, asked the chief of Apollo (Apollo) The executive officer provided $158 million in compensation.

Rowan, the third member of the ruling trio, was appointed Succeeding Black as CEO.

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