Carl Icahn appoints former GE executive to be CEO of his company

After forcing companies to make countless CEO changes in his career, Carl Icahn is about to make one of his own.

The activist investor said he is hiring a former General Electric Co. executive to be the CEO of his company, which houses both his mutual fund and a collection of companies he controls.

Aris Kekedjian, a 30-year veteran of GE who was chief investment officer for the industrial conglomerate until 2019, will be named CEO and COO of Icahn Enterprises LP on Monday, Icahn said in an interview.

Two former Icahn deputies, current CEO Keith Cozza and CFO SungHwan Cho, are leaving the company. Mr. Icahn, who hired them in 2004 and 2006 respectively, praised their contributions and said they are leaving on excellent terms. One factor in the decision was that neither of them planned to move to the Miami area, where Mr. Icahn and his firm recently moved.

The firm is in the process of hiring a new CFO, to be appointed at a later date.


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