News Release

Glenn Youngkin Named Head of the Global Industrial Team


Washington, DC – Global private equity firm The Carlyle Group today named current Managing Director Glenn A. Youngkin Head of the Global Industrial team. Mr. Youngkin, who currently leads Carlyle’s buyout activities in the U.K., will maintain those duties for the foreseeable future and divide his time between London and Washington. He will begin his new activities immediately.

Allan Holt, Managing Director and Co-head of the U.S. Buyout group, said, "Glenn is an effective leader and accomplished investment professional. In addition to helping establish Carlyle’s U.K. activities, Glenn has led several significant transactions, including our recent investments in QinetiQ and Petroplus. As we invest Carlyle Partners IV, Glenn will lead and expand our activities in the industrial sector."

Carlyle’s Industrial team is part of the U.S. Buyout group, which is now investing Carlyle Partners IV, a $7.85 billion U.S. buyout fund.

Glenn Youngkin

Mr. Youngkin joined Carlyle in 1995 and was named a Partner and Managing Director in 1999. Since 1999, Mr. Youngkin has been part of Carlyle’s European Buyout team, leading the London office’s efforts.

Prior to coming to Carlyle, Mr. Youngkin was a Management Consultant with McKinsey & Company, and prior to McKinsey, Mr. Youngkin worked at CS First Boston.

Mr. Youngkin is a mechanical engineering graduate of Rice University and earned his M.B.A. from the Harvard Business School, where he was a Baker Scholar.

Mr. Youngkin is on the Board of Directors of Dr Pepper/Seven-Up Bottling Group, Forgings International, Kuhlman Electric Corporation, Petroplus and QinetiQ.

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