Apollo Global Management, LLC APO and its subsidiaries (collectively
"Apollo" or the “Company”) today announced that Leon Black, Chairman and Chief
Executive Officer, Josh Harris, Senior Managing Director, and Marc Rowan,
Senior Managing Director (collectively the "Managing Partners") have entered
into new employment agreements with Apollo through July 19, 2015. The terms
and conditions of the new agreements are substantially similar to the original
employment agreements executed by the Managing Partners on July 13, 2007,
whose five-year term expired on July 13, 2012. The new agreements will be in
effect through July 19, 2015 and will continue to provide each of the Managing
Partners with total annual compensation of $100,000.
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