China considers same tax rate for domestic, overseas firms (AFP)
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Carlyle Chairman Gerstner to retire (Reuters)
2008.08.1937 minutes ago
NEW YORK (Reuters) - Private equity firm Carlyle Group (CYL.UL) said on Tuesday its Chairman Louis Gerstner will retire and become a senior adviser to the company's buyout funds.
Carlyle did not identify a successor, but said it expects to name one in the near future.
Gerstner, who held the post from January 2003, said in the statement that he had a number of goals and interests yet to fulfill "requiring me to step back at Carlyle."
Prior to his role at the Washington, D.C.-based firm, he was chairman of U.S. computer services and software group IBM (IBM.N), where he was credited with shaking up the company and helping guide it into the Internet age.
Carlyle said that Gerstner would advise the group on its buyout funds in Asia, Europe, Japan and the United States. He will take on that role at the end of September.
Carlyle has about $83 billion of assets under management and invests in buyouts, real estate and leveraged finance globally.
(Reporting by Megan Davies; Editing by Brian Moss and Daniel Trotta)
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