Since Marc Rowan took over Apollo Global Management in 2021, he's transformed the firm - sending the stock skyrocketing. His departure raises questions about succession.
Chris Kotowski, an analyst at Oppenheimer, stated that Rowan's vision for Apollo would persist even if he leaves, as the company has become institutionalized.
Potential successors mentioned include co-presidents Scott Kleinman and Jim Zelter, who are likely to be made co-CEOs if Rowan departs.
Kotowski expressed confidence that Apollo would continue executing its five-year plan to double its lending business, valuing it at $1.2 trillion by 2029.
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