Daniel Akerson

Daniel F. Akerson is a Managing Director of The Carlyle Group[1] and is Co-Head of the U.S. Buyout fund. He is also a director of American Express.

Career

Akerson joined MCI Inc. in 1983 and served as the CFO for several years. He left MCI in 1993 to become chairman and chief executive of General Instrument, where he succeeded former and future United States Secretary of Defense Donald Rumsfeld.[2]

In 1996, Akerson was hired to be the chief executive of Nextel. During his tenure as CEO, Nextel's revenues grew from $171.7 million in the year before his arrival to more than $3.3 billion in 1998. Shortly after stepping down as CEO of Nextel in July 1999, Akerson was brought in by Craig McCaw to run Nextlink Communications, later rebranded as XO Communications.[3] XO entered bankruptcy in June 2002, and Akerson resigned as CEO in December 2002.[4]

Akerson joined the Carlyle Group in 2003.[5]

In July 2009, Akerson was named to the board of directors of General Motors as a representative of the U.S. Treasury, which owns a 61% stake in GM.[6]

Education

Akerson holds a B.S. in Engineering from the U.S. Naval Academy and an M.Sc., in Economics from the London School of Economics.[7]

References

  1. ^ "G.M. Adds 5 Directors and Announces Several Top-Level Retirements". The New York Times, NICK BUNKLEY, July 23, 2009. http://www.nytimes.com/2009/07/24/business/24auto.html?_r=1&dbk. 
  2. ^ "MCI's President Quits in a Surprise Move". The New York Times, EDMUND L. ANDREWS, August 12, 1993. http://www.nytimes.com/1993/08/12/business/mci-s-president-quits-in-a-surprise-move.html. 
  3. ^ "Nextlink CEO Is on a Hot Streak". The Washington Post, Rob Garretson, June 26, 2000. http://www.washingtonpost.com/wp-srv/WPcap/2000-06/26/004r-062600-idx.html. 
  4. ^ "XO Chairman Akerson to Leave". The Washington Post, December 28, 2002. http://pqasb.pqarchiver.com/washingtonpost/access/271761911.html?FMT=ABS&FMTS=ABS:FT&date=Dec+28%2C+2002&author=&pub=The+Washington+Post&edition=&startpage=E.03&desc=XO+Chairman+Akerson+to+Leave. 
  5. ^ "Carlyle Group Prepares for the Next Generation". The Washington Post, Terence O'Hara, January 31, 2005. http://www.washingtonpost.com/wp-dyn/articles/A50117-2005Jan30.html. 
  6. ^ "New GM Board Members Named". The Washington Post, Terri Rupar, July 23, 2009. http://voices.washingtonpost.com/economy-watch/2009/07/new_gm_board_members_named.html. 
  7. ^ "The Carlyle Group". BusinessWeek. http://investing.businessweek.com/businessweek/research/stocks/private/person.asp?personId=93549&privcapId=23333&previousCapId=92001&previousTitle=American%20Express%20Company. 

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