The Carlyle Group has appointed Mary Petrovich, the former chief executive officer of vehicle parts manufacturer AxleTech, as a senior advisor in Washington DC, the firm said in a statement.
Carlyle purchased AxleTech from Wynnchurch Capital in 2005 and sold the company to General Dynamics for an undisclosed sum in 2009 when the US auto industry was struggling for survival.
Petrovich will advise Carlyle’s industrial and transportation group and portfolio company executives on management, operational and growth strategies. She joins a group of 23 senior advisors at Carlyle who advise across a variety of industries. Last week, Carlyle hired Luiz Viana, the former chief executive officer of Petrobras fuel distribution subsidiary Petrobras Distribuidora, as a senior advisor to its South American buyout team, based in Sao Paulo.
Greg Ledford, head of Carlyle’s industrial and transportation group, said in a statement Petrovich would help the firm “find and make compelling investments in the industrial and transportation space”.
Earlier this year, Carlyle promoted Brian Bernasek, who concentrates on automotive, transportation and logistics private equity deals in the US, to managing director.