Summary
Apollo Global Management, Inc. (APO) filed an 8-K on December 8, 2023, detailing executive transition and compensation adjustments. Effective December 31, 2023, John Suydam will transition from Chief Legal Officer to a Senior Advisor and Partner role. In connection with this change, the Compensation Committee approved an amendment to his employment agreement. His base salary will be adjusted to $1 million annually, and his entitlement to guaranteed annual bonuses will be removed, though he remains eligible for other compensation, including performance fee programs. Furthermore, effective January 1, 2024, Whitney Chatterjee, currently General Counsel, will assume the position of Chief Legal Officer, as previously announced. These changes reflect internal adjustments within the company's senior leadership and compensation structures, aiming to align executive roles and rewards with evolving responsibilities and company strategy.
Key Highlights
- 1John Suydam to transition from Chief Legal Officer to Senior Advisor and Partner role, effective December 31, 2023.
- 2Suydam's base salary adjusted to $1 million per annum in his new role.
- 3Suydam will no longer receive guaranteed annual bonuses (restricted stock unit awards or otherwise).
- 4Suydam remains eligible for other compensation programs, including participation in performance fee programs.
- 5Whitney Chatterjee appointed as Chief Legal Officer, effective January 1, 2024.
- 6This filing confirms previously disclosed information regarding executive transitions.