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Carlyle hires former Proctor & Gamble president

Susan Arnold, former president of the consumer goods company’s global business unit, will join Carlyle as an operating executive this September.

The Carlyle Group has hired Susan Arnold as an operating executive in the private equity firm’s global consumer and retail group, according to a statement from the firm.
Arnold will provide guidance to Carlyle’s team members throughout the investment process as well as advise the firm’s executives on management and operational strategies, the statement disclosed.

Arnold joined Proctor & Gamble in 1980 and retired in 2009. Aside from her work for the global business unit, Arnold was vice chairman of global beauty care and health. 

Arnold: Carlyle's operating executive

“Susan’s depth and scope of strategic and operational experience in the consumer space will help us to create value in our existing portfolio and to make new promising investments,” Sandra Horbach, a managing director at Carlyle, said in the statement.

Carlyle is in the market fundraising for its sixth US-focused fund. Earlier this month, Carlyle had surpassed its $10 billion target and had collected $10.3 billion, Private Equity International previously wrote. The firm’s fundraising pace is “the strongest it has been since 2008”, David Rubenstein, co-chief executive said during Carlyle’s earnings call.
The firm’s assets under management grew to a record $180.4 billion during the second quarter.