Global private equity firm The Carlyle Group has appointed Gregory L. Summe as vice chairman of global buyout, a newly created position.
He will report to global head of buyout Daniel F. Akerson.
Summe comes to Carlyle from Goldman Sachs Capital Partners, where he is a senior adviser. He begins his new duties in early October and will be based in Washington, DC.
Akerson says: “We are pleased to welcome Greg to Carlyle. An important lesson of the financial crisis is that operational expertise is critical to both preserving and creating value in a portfolio company. As a former chief executive and leader of multiple businesses, Greg has a track record of business transformation and value creation that will benefit our global buyout portfolio.”
Summe says: “This is a wonderful opportunity to be a part of a storied buyout operation within a premier global private equity firm. The geographic and sectorial reach of the more than 85 companies in Carlyle’s buyout portfolio is remarkable and I look forward to working closely with the portfolio companies.”
Prior to joining Goldman Sachs Capital Partners, Summe was the chairman and chief executive officer of PerkinElmer, a company he led for 11 years from 1998 to 2009. He joined PerkinElmer in January 1998 in the role of president and chief operating officer and in 1999 was elected chief executive officer and chairman of the board.
Before PerkinElmer, Summe was with AlliedSignal, now Honeywell International, serving successively as the president of general aviation avionics, president of the aerospace engines group and president of the automotive products group. Prior to joining AlliedSignal, he was the general manager of commercial motors at General Electric and was a partner with the consulting firm McKinsey.
Summe serves as a director of Automatic Data Processing and as the lead director of State Street.
