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Black steps down as Apollo CEO in wake of Epstein scandal

Apollo CEO Leon Black steps down

Marc Rowan, one of Black’s top lieutenants, will succeed him as CEO as part of a governance overhaul that will also eliminate weighted voting rights.

Leon Black, who founded Apollo Global Management Inc. three decades ago in the aftermath of one scandal, is retiring as chief executive in the aftermath of another, this time involving the notorious sex offender Jeffrey Epstein.

Just months after Apollo announced an internal investigation into Bl

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