Apollo Co-Founder Josh Harris to Step Down from Day-to-Day Role
Posted on 05/20/2021
Joshua (Josh) Harris is a billionaire American private equity investor who co-founded Apollo Global Management. Josh Harris has decided to step down from his day-to-day role as managing director on completion of Apollo’s deal with Athene Holding. Harris will remain on Apollo’s board and its executive committee. Josh Harris plans to “return to his roots” as an investor and entrepreneur, Apollo said. Harris has outside interests as co-owner of the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils. Harris also was part of an unsuccessful effort to purchase the New York Mets.
“After nearly 31 years at Apollo, it is time for me to start the next chapter of my career, where I will focus full-time on the platforms I’ve created outside of the firm,” Harris said.
All these changes come from after the exodus of Apollo co-founder Leon Black. Co-founder Marc Rowan formally took over as CEO of Apollo in March. Leon Black’s ties to sexual predator Jeffrey Epstein ultimately resulted in Black’s resignation as both CEO and chairman of Apollo. Harris concluded that Leon Black had to go long before Black did.