Fortress Investment Group Co-Founder Robert Kauffman to Retire
Fortress Investment Group (NYSE: FIG) today announced that Principal and
Director Robert Kauffman has elected to retire from the company and its
Board of Directors after a 15 year career at the firm.
With Co-Chairman and Director, Wesley Edens, and interim CEO and
Director Randal Nardone, Mr. Kauffman co-founded Fortress in 1998. Mr.
Kauffman has held a range of leadership roles at Fortress, including
responsibility for the management of the firm's European private equity
investment operations and, most recently, board-level oversight of Logan
Circle Partners, the company's long-only fixed-income business. Mr.
Kauffman's retirement is effective immediately.
In conjunction with Mr. Kauffman's announced retirement, Fortress will
redeem or purchase