Carl Icahn speaking at Delivering Alpha in New York on September 13, 2016.
David A. Grogan | CNBC
Carl Icahn has appointed former General Electric executive Aris Kekedjian to take over the helm of his eponymous investment firm, Icahn Enterprises, the billionaire businessman told The Wall Street Journal in an interview published Sunday.
Kekedjian, GE’s chief investment officer until 2019, will assume the position of chief executive officer and chief operating officer of Icahn Enterprises on Monday, Icahn said.
Keith Cozza, the firm’s current CEO, and SungHwan Cho, chief financial officer, are leaving, Icahn said. He said one of the reasons for the departures is the company’s relocation to Florida from New York. The newspaper reported that Icahn Enterprises will appoint a new chief financial officer on an unspecified date in the future.
Icahn Enterprises and Kekedjian did not immediately return CNBC’s requests for comment.
Icahn Enterprises is a holding company with significant investments in energy, automobiles, real estate and other sectors.
The company is listed on the stock exchange and has a market capitalization of more than $ 13 billion. Icahn, 85, president of Icahn Enterprises, is expected to end up handing over the leadership of the company to his son, Brett.