Key Takeaways
- Geography: Luxembourg.
Analysis
Astorg, a leading European private equity firm, has announced a major change in its executive leadership as part of a broader succession strategy.
Benjamin Cordonnier has been named the new Chief Executive Officer (CEO) and will jointly lead the firm alongside Judith Charpentier, who continues as co-managing partner. This move follows the shift of co-founder Thierry Timsit to the position of Executive Chairman.
Cordonnier, who joined Astorg in 2011, has played a key role in the firm’s success, previously serving as Head of Portfolio Performance. He was recently featured among the "Future 40 Leaders" in private equity, highlighting his influence in the industry. Charpentier, with Astorg since 2009, is the founder of the firm's healthcare investment practice, which has grown into its largest investment sector, attracting over €6.5 billion.
Both leaders joined the firm’s executive committee last year, signaling a planned and deliberate transition of power. The new leadership structure is designed to ensure continuity and strategic focus.
Thierry Timsit, who co-founded Astorg in 1998 and served as CEO since 2018, will continue to play an active role in shaping the firm’s strategic direction and contributing to its investment committees.
Astorg, based in Luxembourg, currently manages more than €23 billion in assets, with investment focus areas including healthcare, technology, business services, and industrials.