Oaktree Capital Management, L.P. has made an announcement regarding the leadership of the company. In the first quarter of 2024, Robert O'Leary and Armen Panossian will be named co-Chief Executive Officers (CEOs), succeeding Jay Wintrob. This strategic decision aims to ensure a smooth transition and capitalize on the expertise and experience of these outstanding professionals. The new leadership structure will focus on overseeing Oaktree's investment teams, while Todd Molz will assume the role of Chief Operating Officer to manage the firm's day-to-day operations.

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Elevating Long-Tenured Professionals

Oaktree Capital Management is proud to announce the elevation of Robert O'Leary and Armen Panossian to the position of co-CEOs. With a combined experience of 54 years at Oaktree, these individuals exemplify the company's culture, which emphasizes risk control and ethical practices. Their extensive knowledge and leadership abilities make them well-suited to guide the company into the future.

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Ensuring Smooth Transition

As co-CEOs, Mr. O'Leary and Mr. Panossian will primarily focus on overseeing Oaktree's investment teams while continuing to lead the Global Opportunities strategy and Performing Credit division, respectively. This shared responsibility will ensure a cohesive approach to investment management and reinforce Oaktree's commitment to delivering exceptional results to clients. To facilitate the transition, Todd Molz, Oaktree's General Counsel and Chief Administrative Officer, will assume the role of Chief Operating Officer, overseeing the day-to-day management of the firm.