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Carlyle Group Inc. shares fell 4.3% on Monday morning after the company announced its CEO Kewsong Lee stepped down from the company. The move late Sunday came ahead of Lee’s five-year employment agreement coming to a close at the end of 2022. “Both the company’s board of directors and Mr. Lee mutually agreed as part of their discussions that the timing is right to initiate a search for a new CEO to lead Carlyle forward in its next phase of growth,” the company said. Carlyle’s stock fell into the red even as the broad market rose, with the S&P 500 up 0.7% in early trades.
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