CVC names Todd Sisitsky, Peter Rutland as co-CEOs, effective 2028

On Wednesday, September 9, CVC Capital Partners announced that it has appointed company insider Peter Rutland and TPG executive Todd Sisitsky as co-chief executive officers, effective in the first quarter of 2028, when current CEO Rob Lucas steps down.

Lucas, who has led CVC since 2021 and guided the group's 2024 IPO on Euronext Amsterdam, will remain closely involved at the group level and in the private equity firm's investment activities after the transition, according to CVC.

Sisitsky has served as TPG's president since 2021. In a Tuesday SEC filing, TPG disclosed that Sisitsky had resigned from that position on September 6.

Rutland has spent 19 years with CVC and is currently a managing partner and president of the firm, which has about €212 billion ($246.47 billion) in assets under management.