December 13, 2010 / 7:46 AM / 7 years ago

UPDATE 1-Carlyle CFO quits, replacement sought

* CFO Peter Nachtwey leaving

* New CFO sought, likely to be from outside Carlyle-source (Rewrites throughout with confirmation, comment, background, NEW YORK dateline)

NEW YORK, Dec 13 (Reuters) - The chief financial officer of Carlyle Group [CYL.UL] is departing and the private equity firm, which is gearing up for a potential IPO, is undertaking a search for a replacement.

Carlyle said on Monday that Peter Nachtwey will depart and Managing Director Glenn Youngkin will be acting CFO until a successor is chosen.

“Pete decided to pursue a great new opportunity for him, which we understand will be announced soon,” said Carlyle spokesman Chris Ullman in an emailed statement. “We thank him for his service to Carlyle and wish him continued success.”

Carlyle declined to comment on where Nachtwey is going. Prior to joining Carlyle, Nachtwey was a partner at Deloitte & Touche, according to the company’s web site. Before that, he spent two years overseas working for a U.S. defense contractor.

A replacement for Nachtwey will likely come from outside Carlyle, a source familiar with the situation said.

The move was earlier reported by the Financial Times.

The changeover comes as Carlyle looks toward a potential listing. The D.C.-based private equity firm has been considering an initial public offering for years and may file papers to go public late next year, a source familiar with the situation said last week.

The company would be following rival Blackstone Group LP (BX.N), which went public in 2007, and KKR Co LP (KKR.N), which listed on the New York Stock Exchange earlier this year. While an IPO filing could come late next year, it is unlikely Carlyle’s stock would trade until 2012, the source said at the time. (Additional reporting by Abhinav Sharma in Bangalore) (Reporting by Megan Davies, editing by Dave Zimmerman)

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