Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Susan E. Arnold, former Procter & Gamble President of Global Business Units, has joined the firm as an Operating Executive in the Global Consumer & Retail group. She begins her duties in September.
As an Operating Executive, Ms. Arnold will provide strategic guidance to Carlyle professionals throughout the investment process, from sourcing to acquisition to exit and advise portfolio company executives on management, operational, branding and growth strategies. She joins a group of 24 senior business executives – with an average of 40 years of experience – who help Carlyle create value across a range of industries.
Sandra Horbach, Carlyle Managing Director and Head of the Global Consumer & Retail group, said, “We are pleased to welcome Susan to the Carlyle team following a remarkable 29-year career at Procter & Gamble. Susan’s depth and scope of strategic and operational experience in the consumer space will help us to create value in our existing portfolio and to make new promising investments.”
Ms. Arnold said, “I am excited to become part of a firm that is committed to strengthening brands and creating value. Sandra and her team have a track record of success and I am eager to contribute to their efforts.”The Consumer & Retail group has led Carlyle’s acquisition of numerous companies, including: Dunkin’ Brands, philosophy, NBTY and CVC. Ms. Arnold joined Proctor & Gamble in 1980 and retired in 2009. Prior to serving as President of Proctor & Gamble’s $50 billion Global Business Unit, Ms. Arnold held various positions within the firm, including Vice Chairman of Global Beauty Care and Health, and President of Global Personal Beauty and Global Feminine Care. She currently serves on the Board of Directors of Disney and McDonalds. Ms. Arnold earned her bachelor’s degree in psychology from the University of Pennsylvania and her MBA from the University of Pittsburgh.