The Carlyle Group Names Former Procter & Gamble Executive Filippo Passerini Operating Executive for the U.S. Buyout Group

Washington, DC – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Filippo Passerini, former Group President of Global Business Services and Chief Information Officer for Procter & Gamble, will join the firm as an Operating Executive upon his retirement from P&G this summer.

As an Operating Executive, Mr. Passerini will provide strategic guidance to Carlyle professionals throughout the investment process and advise portfolio company executives on management and operational strategies, including business transformation and technology. He joins a group of more than 25 senior business executives – with an average of 40 years of experience – who help Carlyle create value across a range of industries.

Allan Holt, Managing Director and Co-Head of the U.S. Buyout group, said, “We are pleased to welcome Filippo to the Carlyle team following nearly 35 years at Procter & Gamble. Filippo’s depth and scope of knowledge in information technology and business services will help us drive process improvement and create value within our existing portfolio.”

Mr. Passerini said, “I am thrilled to become part of a firm that understands the role that information technology can play in transforming businesses, mitigating risk, and facilitating long-term growth. Carlyle has a tremendous track record of value creation and I am excited to play a role in the firm’s future success.”

Mr. Passerini joined Procter & Gamble in 1981, and for more than three decades helped to build businesses in developed and developing markets. He has lived and worked in the U.K., Latin America, Greece, Italy, Turkey and the U.S. He currently serves on the Board of Directors of United Rentals and is a Visiting Professor for the Politecnico di Milano School of Management and a Professor in Residence at Columbia University.

Mr. Passerini earned his Doctorate in Statistics and Operating Research from the University of Rome in Italy.

* * * * *

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $194 billion of assets under management across 128 funds and 142 fund of funds vehicles as of December 31, 2014. Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,650 people in 40 offices across six continents.

Web: www.carlyle.com
Videos: http://www.carlyle.com/news-room/corporate-videos_new
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

Contact
Elizabeth Gill
+1-202-729-5385
elizabeth.gill@carlyle.com

# # #