Apollo Appoints Gary Cohn as Lead Independent Director; Jay Clayton Steps Down Ahead of Government Role

Apollo (NYSE: APO) has announced leadership changes to its Board of Directors. Gary Cohn, Vice Chairman of IBM and former Director of the U.S. National Economic Council, has been appointed as Lead Independent Director. He succeeds Jay Clayton, who will resign from the board as he prepares to take on the role of Interim U.S. Attorney for the Southern District of New York.

In a related move, CEO Marc Rowan will assume the additional role of Chair of the Board. The appointments are part of Apollo’s ongoing commitment to strong corporate governance and strategic leadership.

Cohn brings decades of experience from his tenure at Goldman Sachs and across both public and private sectors. The company emphasized that its board will remain two-thirds independent following these changes.