CD&R Appoints Michael Harrington as Risk Director
- Editor
- 7 days ago
- 1 min read
Whats Happening:
CD&R has appointed Michael Harrington as Risk Director, a newly created position. Harrington, with over two decades of experience in risk management, will provide strategic guidance at both portfolio and enterprise levels. He joins CD&R from Lockheed Martin Corporation, where he served as Vice President of Risk Management and Assistant Secretary.
Key Moves:
CD&R creates new Risk Director position
Michael Harrington appointed as Risk Director
Harrington joins from Lockheed Martin Corporation
By The Numbers:
Harrington has over 20 years of risk management experience
He managed an $84 million annual premium budget at Textron Inc.
Harrington implemented insurance coverage in over 44 countries at Jabil Circuit, Inc.
Key Quotes:
"We are thrilled to welcome Michael and believe he will be a valuable addition to our team," said CD&R Vice Chairman John Krenicki.
"I am honored to join CD&R and do my part to support the Firm's long-term growth," said Michael Harrington.
"I look forward to taking steps to further strengthen CD&R's risk infrastructure and drive strategic initiatives and ensure that the Firm continues to develop and deploy compelling value creation plans while mitigating potential risks."
Bottom Line:
CD&R's appointment of Michael Harrington as Risk Director signifies the fund's commitment to strengthening its risk management practices. Harrington's extensive experience and proven track record in transforming risk management approaches are expected to enhance CD&R's ability to create value while mitigating potential risks across its portfolio and at the enterprise level.
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