Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Appointment of Officer
On January 7, 2022, Apollo Global Management, Inc. (the "Company") announced
that Louis-Jacques Tanguy has been appointed as Chief Accounting Officer and
Controller of the Company and as Chief Accounting Officer and Controller of
Apollo Asset Management, Inc. ("AAM"), with such appointments to be effective
upon the start of his employment, which is expected to commence on January 11,
2022.
Since 2009, Louis-Jacques Tanguy, 50, has been a Managing Director at Deutsche
Bank. Most recently, he was Managing Director, Head of Group Finance Americas
and Global Head of Business Finance for Origination and Advisory at Deutsche
Bank, where he provided a broad range of services in London and New York related
to business finance, valuation control and complex trade reviews, treasury
finance, financial performance and planning, accounting and regulatory policy
and disclosure. From 2006 to 2008, Mr. Tanguy was Head of Asia Pacific Product
Valuation Group at Merrill Lynch Japan Securities in Tokyo. From 2002 to 2006,
Mr. Tanguy was Head of Product Control and Head of Risk and P&L for Fixed Income
& Derivatives at Société Générale in Tokyo and Paris. He was previously an
Associate Professor of Finance at the University of Aix-Marseille and Marseille
Business School. Mr. Tanguy graduated from the University of Aix-Marseille with
a Bachelor of Arts in Economics, a Master's degree in Applied Finance and a
Doctor of Philosophy in Business Management.
Mr. Tanguy has no family relationship with any member of the Board of Directors
or any executive officer of the Company and is not a party to any transactions
listed in Item 404(a) of Regulation S-K. There are no arrangements or
understandings between Mr. Tanguy and any other persons pursuant to which he was
appointed Chief Accounting Officer and Controller of the Company.
It is anticipated that Mr. Tanguy will enter into an indemnification agreement
in substantially the same form as the Company enters into with its directors and
executive officers. In connection with his appointments at the Company and at
AAM, Mr. Tanguy will receive a one-time cash award of $560,000 and restricted
stock units ("RSUs") of the Company with an aggregate value of $340,000, which
RSUs will vest in three equal annual installments. In addition, Mr. Tanguy will
receive an award of RSUs based on the value of certain compensation he forfeited
as a result of his termination of employment from Deutsche Bank (in an amount
not to exceed $600,000), which RSUs will vest on or about such times as the
forfeited compensation would have vested had his employment at Deutsche Bank
continued. The RSUs will be granted under the Apollo Global Management, Inc.
2019 Omnibus Equity Incentive Plan, as amended and restated as of January 1,
2022.
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