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Carl Icahn names former GE executive Kekedjian to lead Icahn Enterprises, WSJ reports

Carl Icahn talking at Delivering Alpha in New York on Sept. 13, 2016.

David A. Grogan | CNBC

Carl Icahn has named former General Electric executive Aris Kekedjian to take the helm at his namesake funding agency, Icahn Enterprises, the billionaire businessman advised The Wall Street Journal in an interview printed on Sunday.

Kekedjian, the chief funding officer at GE till 2019, will take over as chief executive and chief working officer of Icahn Enterprises on Monday, Icahn stated.

Keith Cozza, the agency’s present CEO, and SungHwan Cho, the chief monetary officer, are departing, Icahn stated. He stated that one cause for the departures is the agency’s relocation to Florida from New York. The newspaper reported that Icahn Enterprises will title a brand new CFO at an unspecified date sooner or later.

Icahn Enterprises and Kekedjian didn’t instantly return requests for remark from CNBC.

Icahn Enterprises is a holding firm with vital investments in power, autos, actual property and different sectors.

The firm is publicly traded and has a market cap of greater than $13 billion. Icahn, 85, the chairman of Icahn Enterprises, is predicted to ultimately flip management of the corporate over to his son, Brett.

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