MONEY MANAGEMENT

Carlyle names Sandra Horbach as co-head of U.S. buyout group

Sandra J. Horbach is the new co-head of Carlyle Group’s U.S. buyout business, replacing Allan M. Holt, said Christopher Ullman, managing director and director of global communications.

Mr. Holt is now chairman of U.S. buyout and chairman of the investment committee for the firm’s domestic buyout funds; both are new positions.

Mr. Holt is moving to a different role to allow the next generation to move into more senior roles, said sources close to Carlyle.

Mr. Ullman declined comment.

Ms. Horbach, managing director and formerly head of Carlyle’s consumer and retail group, joins Peter J. Clare, existing co-head of U.S. buyouts. She is the first woman to hold that position. Carlyle has other female investment executives in senior roles, including Grishma Parekh, a managing director in Carlyle’s global market strategies group and head of Carlyle Mezzanine Partners, and Lauren Dillard, a managing director and head of Carlyle's investment solutions group.

Jay W. Sammons, a managing director and a senior member of the consumer and retail team, is replacing Ms. Horbach as head of Carlyle’s consumer and retail business.