Peter Grauer to Join Blackstone’s Board of Directors
January 26 2016 - 9:00AM
Business Wire
Blackstone (NYSE:BX) today announced that Peter Grauer has
joined its board of directors. Mr. Grauer has been the Chairman of
Bloomberg, the global business and financial information company,
since March 2001 and joined Bloomberg full time as President and
Chief Executive Officer in March of 2002.
Commenting on the appointment, Stephen A. Schwarzman,
Blackstone’s Chairman and CEO, said, “We could not be more pleased
about the addition of Peter Grauer to our board of directors. He
brings a deep knowledge of the financial industry as well as a
broad perspective on global business that will be immensely
valuable to Blackstone in the years ahead.”
Tony James, President of Blackstone, added, “Peter and I worked
together for a number of years at DLJ, where he helped build one of
the most successful private equity businesses in the world,
developed an outstanding record and became one of the industry’s
leaders. I have no doubt that Peter will add great value to the
firm and I look forward to working with him again.”
Added Peter Grauer, “I am thrilled to be joining Blackstone’s
board of directors. Blackstone has an unmatched reputation and
leadership position in asset management, which I have seen
first-hand through my long relationship with Tony and my deep
respect for Steve and the firm. I look forward to working with
Blackstone as they continue to innovate, launch new products, build
and expand the firm globally.”
Prior to joining Bloomberg, Mr. Grauer was a managing director
of Donaldson, Lufkin & Jenrette from 1992 to 2000 when DLJ was
acquired by Credit Suisse First Boston. He is a founder of DLJ
Merchant Banking Partners and DLJ Investment Partners and had also
served as a managing director and senior partner of CSFB Private
Equity.
Mr. Grauer graduated from the University of North Carolina and
the Harvard University Graduate School of Business, Program for
Management Development. Mr. Grauer serves as lead director of
Davita Health Care Partners, Inc. (NYSE: DVA), a healthcare
services company based in Colorado. He is a member of the Business
Council, the International Business Council of the World Economic
Forum and serves on its Media, Entertainment and Information
Industry Board of Governors. He is founding Chairman of the
Community of Chairmen at the World Economic Forum. Mr. Grauer is
the Senior Independent Director and Chairman of the Nominations and
Audit Committees of Glencore. He is also a member of the McKinsey
Advisory Council and the Asia Business Council.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our asset management
businesses, with over $330 billion in assets under management,
include investment vehicles focused on private equity, real estate,
public debt and equity, non-investment grade credit, real assets
and secondary funds, all on a global basis. Further information is
available at www.blackstone.com. Follow Blackstone on Twitter
@Blackstone.
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