Blackstone Co-founder, Chairman and CEO Steve Schwarzman discusses the announcement that Tony James, President and Chief Operating Officer, will be handing over day-to-day management of the firm to Jon Gray, Global Head of Real Estate. Tony James will continue in a full-time role at the firm and assume the title of Executive Vice Chairman, reporting to Schwarzman. Jon Gray will become President and Chief Operating Officer also reporting to Schwarzman. Two long-time leaders in Blackstone’s real estate group, Ken Caplan and Kathleen McCarthy, have been named Global Co-heads of Real Estate succeeding Gray.
For additional details, please refer to the press release