The Carlyle Group LP has named Travelers Chairman Jay Fishman and former Marriott International executive William Shaw to its board of directors. The board appointments also include Janet Hill, a principal with Hill Family Advisors in Fairfax; former Goldman Sachs partner Lawton Fitts; Thomas Robertson, dean of the Wharton School at the University of Pennsylvania; and James Hance, a former executive at Bank of America. Carlyle said 1 of its managing directors, Edward Mathias, also will join the board, along with its 3 co-founders: Chairman Daniel A. D'Aniello, William E. Conway Jr. and David M. Rubenstein. The company reported earnings results for the fourth quarter and full year of 2011. Carlyle's distributable earnings, the company's metric for profit, were $864 million last year. The company's profit for 2010 was $342 million. By a measurement in the private-equity industry known as economic net income, Carlyle's performance last year declined compared to 2010. Carlyle's economic net income, which is measured differently from distributable earnings, dropped to $833.1 million last year from more than $1 billion in 2010. Distributable earnings of $274 million came in the fourth quarter of 2011. The company also reported that it had paid off the remainder of a $500 million loan to Mubadala Development.