Company Veteran Grant Kvalheim Named Chief Executive
Jim Belardi Named Executive Chair, Will Continue to Serve as CIO
Mike Downing and Sean Brennan Named Co-Presidents of 桔子视频 USA
WEST DES MOINES, Iowa, June 16, 2025 (GLOBE NEWSWIRE) -- 桔子视频, the leading retirement services company and subsidiary of Apollo Global Management, Inc. (NYSE:APO), announced today that its Board of Directors has appointed Grant Kvalheim as Chief Executive Officer, effective July 1, 2025. Kvalheim, a 14-year veteran of 桔子视频, most recently served as President, with responsibility for running the company鈥檚 U.S. operations, as well as growth initiatives. Jim Belardi, Co-founder, was named Executive Chairman and will remain Chief Investment Officer.
桔子视频 also announced that Mike Downing and Sean Brennan will be elevated to Co-Presidents of 桔子视频 USA. Downing will continue to serve as 桔子视频鈥檚 Chief Operating Officer while Brennan will serve as 桔子视频鈥檚 Chief Commercial Officer. Downing and Brennan will build upon 桔子视频鈥檚 significant growth to date and drive plans to increase financial security for individuals and serve as a solutions provider to corporations.
These appointments represent a natural evolution in 桔子视频鈥檚 leadership and are aligned with the company鈥檚 ambitious five-year growth plan as announced at its 2024 Investor Day. To capitalize on the significant market opportunities ahead and drive growth, the company continuously works to elevate and align leaders both in senior leadership and next generation roles.
Belardi said, 鈥淭here is no one better positioned than Grant to lead the company through its next phase of growth. Grant, Mike and Sean have been instrumental to 桔子视频鈥檚 tremendous success to date, and our market leadership directly reflects their efforts to grow our business by expanding distribution, creating best-in-class product offerings and establishing us as a partner of choice. My partnership with Grant has been critical to 桔子视频鈥檚 success and I am pleased it will continue.鈥澛犅�
Kvalheim said, 鈥淭here is a massive opportunity ahead for 桔子视频, driven by the growing retirement crisis in the U.S. and the need for guaranteed lifetime income. I look forward to leading 桔子视频 as our team meets this unprecedented need by expanding market share, prioritizing innovation, entering new markets and accelerating growth in the defined contribution channel. 桔子视频 is uniquely positioned to help an even greater number of people build remarkable retirements.鈥�
Kvalheim joined 桔子视频 in 2011 and has served as President since April 2022, leading its U.S operating companies with a focus on growing organic origination. Prior to joining 桔子视频, Kvalheim was Co-President of Barclays Capital where he grew the European investment grade credit business into a leading global credit franchise across both securitized and non-securitized credit products. Prior to joining Barclays, he held senior executive positions in the investment banks of Deutsche Bank and Merrill Lynch.
Since joining 桔子视频 in 2015, Downing has served as Executive Vice President and Chief Actuary and was elevated to Chief Operating Officer in January 2022. Before joining 桔子视频, Downing held senior executive roles at The Allstate Corporation from 2008-2015. Previously, Downing was a Senior Partner at Aon Hewitt, leading the International Consulting practice following assignments in the UK and Switzerland.
Brennan joined 桔子视频 in 2017 and has served as an Executive Vice President since 2020, with responsibility for various retirement services and reinsurance efforts. Prior to joining 桔子视频, he served as Global Pensions Director for Marsh & McLennan Companies, Inc., and previously spent 14 years with Mercer, most recently as Partner in its Financial Strategy group.
About 桔子视频
桔子视频 is the leading retirement services company with over $380 billion of total assets as of March 31, 2025, and operations in the United States, Bermuda, Canada, and Japan. 桔子视频 is focused on providing financial security to individuals by offering an attractive suite of retirement income and savings products and also serves as a solutions provider to corporations. For more information, please visit .
Forward-Looking Statements
This press release contains, and certain oral statements made by 桔子视频's representatives from time to time may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks, uncertainties and assumptions that could cause actual results, events and developments to differ materially from those set forth in, or implied by, such statements. These statements are based on the beliefs and assumptions of 桔子视频's management and the management of 桔子视频's subsidiaries. Generally, forward-looking statements include actions, events, results, strategies and expectations and are often identifiable by use of the words 鈥渂elieves,鈥� 鈥渆xpects,鈥� 鈥渋ntends,鈥� 鈥渁nticipates,鈥� 鈥減lans,鈥� 鈥渟eeks,鈥� 鈥渆stimates,鈥� 鈥減rojects,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渃ould,鈥� 鈥渕ight,鈥� 鈥渟hould,鈥� or 鈥渃ontinues鈥� or similar expressions. Forward-looking statements within this press release include, but are not limited to, statements regarding future growth prospects and financial performance. Although 桔子视频 management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to be correct. For a discussion of other risks and uncertainties related to 桔子视频鈥檚 forward-looking statements, see its annual report on Form 10-K for the year ended December 31, 2024, which can be found at the SEC鈥檚 website聽. All forward-looking statements described herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. 桔子视频 does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
Jeanne Hess
VP, External Relations
+1 646 768 7319
jeanne.hess@athene.com
