Icahn Enterprises LP (NASDAQ:IEP), the master limited, diversified holding company controlled by activist investor Carl Icahn, announced the appointment of Keith Cozza as president and CEO.
Cozza’s career in Icahn Enterprises
According to the company, Cozza started assuming his position as president and CEO yesterday. He has been working for Icahn Enterprises LP (NASDAQ:IEP) and its affiliates for more than ten years now. He previously served as executive vice president of Icahn Enterprises G.P. Inc., the general partner of Icahn Enterprises, Chief Operating Officer of Icahn Capital LP, and CFO of Icahn Associates Holding LLC.
Since the financial crisis, Warren Buffett's Berkshire Hathaway has had significant exposure to financial stocks in its portfolio. Q1 2021 hedge fund letters, conferences and more At the end of March this year, Bank of America accounted for nearly 15% of the conglomerate's vast equity portfolio. Until very recently, Wells Fargo was also a prominent Read More
Cozza is a director of Herbalife Ltd (NYSE:HLF), the controversial multi-level marketing company that sells nutritional and weight loss products, where Icahn has a huge long position. He is also a director of CVR Refining LP (NYSE:CVRR) and XO Holdings.
He was a senior assurance associate at Grant Thornton LLP before joining Icahn Enterprises (NASDAQ:IEP). He previously served as director of MGM Holdings Inc (OTCMKTS:MGMB), an entertainment company engaged in producing and distributing film and television content.
Ninivaggi moves to Federal-Mogul
Cozza replaced Daniel A. Ninivaggi, who was named co-chief executive officer of Federal-Mogul Corp (NASDAQ:FDML), a global supplier of products and services, vehicles and equipment for manufacturers in the automotive, light, medium, and heavy duty commercial, marine, rail, aerospace, power generation and industrial markets. Federal-Mogul is a subsidiary of Icahn Enterprises LP (NASDAQ:IEP). Ninivaggi will continue to serve as director of Icahn Enterprises G.P. Inc
“I am pleased to welcome Dan and Keith to their new roles. Keith has been an invaluable member of our team and his promotion is well deserved. Dan has done an excellent job as our president and CEO over the past four years and I am confident that he will make future contributions in his new role,” said Icahn, chairman of Icahn Enterprises L.P. (NASDAQ:IEP).