Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

ICAHN ENTERPRISES L.P.

(IEP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Icahn Enterprises L P : Carl Icahn's investment firm appoints former GE dealmaker as CEO

04/05/2021 | 08:22am EDT

April 5 (Reuters) - Billionaire activist investor Carl Icahn's investment firm on Monday named General Electric Co veteran and a former dealmaker, Aris Kekedjian, as its president and chief executive officer.

Kekedjian, who has worked with GE for about three decades until 2019, will replace Icahn Enterprises LP's CEO Keith Cozza. Cozza, leaving on May 31, joined Icahn's investment vehicle in 2004 and took over as the CEO in 2014.

Chief Financial Officer SungHwan Cho will also be departing, Icahn Enterprises said, adding it was currently searching for a successor.

One of the reasons behind the executives' departure was that they were unwilling to relocate to Florida, where Icahn and his firm moved last year. Icahn Enterprises has market capitalisation of more than $13 billion and investments in energy, metals and real estate, among others.

Icahn planned the move as far back as in 2019 after growing weary of working in New York, Reuters reported at the time, citing people familiar with the matter.

Kekedjian, credited with playing a key role in the $30 billion merger between General Electric's oil and gas unit with Baker Hughes in 2016, is viewed as an M&A expert. He was the chief investment officer at GE until 2019. (https://reut.rs/2PDcd1x)

Kekedjian currently sits on the board of FinServ Acquisition Corp, a special purpose acquisition company, his LinkedIn profile showed.

In a separate filing, Icahn Enterprises said the incoming CEO would be paid a base salary of $1.5 million per year. (https://bit.ly/3fJg4oy)

It also said its estimated indicative net asset value increased by about $800 million in the first quarter.

(Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FINSERV ACQUISITION CORP. -5.10% 12.46 Delayed Quote.5.04%
ICAHN ENTERPRISES L.P. 0.14% 57.2122 Delayed Quote.12.75%
All news about ICAHN ENTERPRISES L.P.
04/12ICAHN ENTERPRISES L.P.  : Entry into a Material Definitive Agreement, Creation o..
AQ
04/12Icahn Enterprises L.P. Announces Closing of $455 Million Senior Notes Offerin..
GL
04/09S&P 500 Posts 2.7% Weekly Climb to Fresh Highs, Led by Technology, Consumer D..
MT
04/09MARKET CHATTER : CVR Energy Sues Delek Over CEO Pay
MT
04/08ICAHN ENTERPRISES L.P.  : Other Events, Financial Statements and Exhibits (form ..
AQ
04/08ICAHN ENTERPRISES L P  : Prices $455 Million Senior Notes Offering
MT
04/08Icahn Enterprises L.P. Announces Pricing of Senior Notes
GL
04/08SECTOR UPDATE : Energy Stocks Add to Thursday Skid Despite Late Recovery for Cru..
MT
04/08Investor Carl Icahn Sells $180 Million in Occidental Petroleum Shares
MT
04/08ICAHN ENTERPRISES L.P.  : Regulation FD Disclosure, Other Events, Financial Stat..
AQ
More news
Financials (USD)
Sales 2021 11 734 M - -
Net income 2021 -37,0 M - -
Net Debt 2021 - - -
P/E ratio 2021 -357x
Yield 2021 -
Capitalization 13 788 M 13 788 M -
Capi. / Sales 2021 1,18x
EV / Sales 2022
Nbr of Employees 23 833
Free-Float 96,0%
Chart ICAHN ENTERPRISES L.P.
Duration : Period :
Icahn Enterprises L.P. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ICAHN ENTERPRISES L.P.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 70,00 $
Last Close Price 57,13 $
Spread / Highest target 22,5%
Spread / Average Target 22,5%
Spread / Lowest Target 22,5%
EPS Revisions
Managers and Directors
NameTitle
Keith Cozza President, Chief Executive Officer & Director
Sung Hwan Cho Chief Financial Officer & Director
Carl Celian Icahn Chairman
Alvin Buzzy Krongard Independent Director
Michael Nevin Managing Director & Director