Peter Nachtwey has stepped down as chief financial officer of The Carlyle Group. He has not yet disclosed his future plans. The role will be filled, on an interim basis, by Glenn Youngkin.
Some news reports are suggesting that this move is another step in Carlyle’s march toward an IPO. Seems counterintuitive to me, since Nachtwey’s original hire was to be a CFO with experience taking a private equity firm public (he had helped out on Blackstone’s offering). As such, wouldn’t this possibly mean that Carlyle actually was moving slower than Nachtwey had expected?
Or perhaps just that he got a better offer elsewhere. [Update: Nachtwey is joining Legg Mason (LM) as CFO]
As I’ve said before, there is not yet too much fire beneath this Carlyle IPO smoke.
