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Carl Icahn names a former GE executive as CEO of Icahn Enterprises: WSJ

Published by Business Insider on Sun, 04 Apr 2021

<p><img src="https://static5.businessinsider.com/image/6069cde8856cd700198a3139-2400/2020-05-28t011644z_2_lynxmpeg4q21y_rtroptp_4_occidental-icahn.jpg" border="0" alt="FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on Fox Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo" data-mce-source="Reuters" data-mce-caption="FILE PHOTO: Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p><a href="https://markets.businessinsider.com/news/stocks/carl-icahn-stock-market-outlook-wild-rallies-major-painful-correction-2021-1-1029931343">Billionaire fund manager Carl Icahn</a> has named a former General Electric executive as CEO of Icahn Enterprises, the <a href="https://www.wsj.com/articles/carl-icahn-taps-former-ge-executive-to-be-ceo-of-his-firm-11617528601'mod=hp_lead_pos2">Wall Street Journal</a> reported Sunday.</p><p>In an interview with the Journal, the activist investor said Aris Kekedjian will take over as CEO and chief operating officer on Monday. Kekedjian spent three decades at GE, and was the company's chief investment officer until 2019, the Journal reported.</p><p>Icahn Enterprises current CEO, Keith Cozza, and chief financial officer, SungHwan Cho, are leaving the firm, which consists of Icahn's investment fund and other companies he controls, the WSJ said.</p><p>Icahn told the newspaper the pair of top executives were leaving on excellent terms. The decision was partly precipitated because neither planned to relocate to the Miami area, where Icahn Enterprises moved last year, he said.&nbsp;&nbsp;</p><p><a href="https://markets.businessinsider.com/news/stocks/carl-icahn-moving-hedge-fund-to-miami-from-new-york-2019-9-1028523239">In 2019, Icahn told staff</a> he was shutting down offices in New York and opening up in early 2020 in Miami. Those who stayed with the company received moving expenses. Those who didn't want to move to Florida got severance, <a href="https://www.reuters.com/article/us-people-icahn/billionaire-investor-carl-icahn-to-leave-new-york-for-florida-idUSKCN1VY02I">Reuters</a> and the New York Post reported.&nbsp;</p><p>Over the past year, a number of other <a href="https://www.businessinsider.com/wall-street-move-florida-goldman-sachs-elliott-real-estate-2020-12">powerful tech titans and Wall Street heavyweights </a>have also made the move to Florida, drawn by lower taxes and other perks. Remote work during the COVID-19 pandemic also spurred some <a href="https://www.businessinsider.com/a-list-of-all-the-powerful-people-moving-to-florida-right-now-2021-1">companies and powerful individuals </a>to consider the move.&nbsp;</p><p>Icahn Enterprises did not immediately respond to Insider's request for comment about Kekedjian.</p><p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><p><a href="https://www.businessinsider.com/carl-icahn-former-ge-executive-aris-kekedjian-ceo-icahn-enterprises-2021-4#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/coronavirus-myths-debunked-wuhan-china-2020-2">Epidemiologists debunk 13 coronavirus myths</a></p>
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