Summary
Apollo Global Management, Inc. (APO) has filed an 8-K report to announce a significant change in its Board of Directors. Joshua J. Harris, a long-standing member of the Board, has decided not to seek re-election at the company's upcoming annual meeting. His term will conclude on October 7, 2022. Both CEO Marc Rowan and Mr. Harris expressed their gratitude and confidence in the company's future leadership and strategic positioning. This development, while a change in board composition, is presented by leadership as a planned transition with full confidence in the current stewardship of the company. Investors should note that all directors are elected annually, and the company maintains a majority of independent directors on its Board. Apollo expects to file its 2022 proxy statement shortly, which will provide further details on director elections.
Key Highlights
- 1Joshua J. Harris will not seek re-election to the Apollo Global Management, Inc. Board of Directors.
- 2Mr. Harris's term on the Board will conclude on October 7, 2022.
- 3CEO Marc Rowan expressed gratitude for Mr. Harris's contributions to building Apollo.
- 4Mr. Harris conveyed confidence in Apollo's leadership and future positioning.
- 5Apollo's directors are elected annually, with at least two-thirds being independent.
- 6The company expects to file its 2022 proxy statement soon.