Arougheti named CEO at Ares Management

Ares Management LP said Dec. 18 that Michael J Arougheti, co-founder and president, was named CEO effective Jan. 1, replacing Tony Ressler who will continue as executive chairman. Ressler, an Ares co-founder, will focus on major client marketing, corporate strategy and brand building activities for the firm. Michael McFerran, currently Ares CFO, was named chief operating officer. Ryan Berry, head of Ares’ strategy & relationship management group, was also appointed chief marketing & strategy officer.

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