Global investment firm The Carlyle Group (NASDAQ: CG) today announced it has appointed two executives focused on driving value across its global portfolio. Matt Anderson, former President and Chief Digital Officer at Arrow Electronics, has been named Carlyle’s first Chief Digital Officer, and Stefan Grunwald, former Senior Vice President of Strategic Sourcing and Procurement at Cardinal Health, has been named Carlyle’s Chief Procurement Officer, effective today.

Both executives will deliver strategic and operational support to Carlyle’s portfolio companies and investment teams, working with the firm’s investment professionals and advisors including its Operating Executive and Senior Advisor consultants.

Anderson will develop and implement digital transformation strategies to help the firms in which Carlyle has invested grow and assist Carlyle’s investment teams in finding such opportunities during the diligence process. He will identify and execute new strategies in digital, data and analytics and other technologies, build an ecosystem of experts and suppliers, and play a leading role in CEO mentorship.

Grunwald will serve as the procurement and supply chain specialist for Carlyle’s portfolio and collaborate with management teams to identify and implement procurement and supply chain efficiency improvements. In addition, he will work with Carlyle’s investment teams to uncover procurement opportunities during due diligence.

Peter J. Clare, Co-Chief Investment Officer at The Carlyle Group, said, “The addition of Matt and Stefan to the Carlyle team underscores our commitment to creating value through operational improvement and to providing management teams with unrivaled tools and resources to grow.”

Clare continued, “With a proven track record of identifying and growing digital business opportunities, Matt is the right choice to help us find new, technology-driven ways to create near- and long-term impact. Stefan, an accomplished executive with 30 years of experience, will play an important role in helping our companies uncover value creation opportunities across their supply chains.”

Anderson said, “Carlyle’s growth-oriented investment approach is zeroing in on digital tools and resources as an important differentiator for its companies to unlock value, efficiencies and new business models. I look forward to partnering with some of the world’s most talented management teams, and to being part of the value-add that Carlyle brings to its investments.”

Grunwald said, “I am delighted to join Carlyle’s collaborative team and look forward to working closely with colleagues across the globe to facilitate procurement capabilities that generate positive results.”

Anderson, based in New York, brings a wealth of experience in both advising on and delivering digital transformations across a range of industries. Prior to Carlyle, he led the expansion of electronic components and computer products maker Arrow Electronics’ digital business, growing it from a $140 million to a $2 billion business in three years. He led Arrow’s innovative partnership with Indiegogo, its expansion into cloud technology distribution, and launched the world’s largest “on demand” engineering platform for high-tech design in the B2B space. Prior to Arrow, he led Booz & Co’s eCommerce and digitization practice and developed its digital transformation agency model before developing a digital business at UK-based yellow page and internet services company Hibu, formerly Yell Group. He holds Bachelor of Arts degrees in Economics and International Relations from the University of Pennsylvania.

Grunwald, based in Washington, D.C., brings a strong background leading enterprise-wide procurement transformations and managing teams from diverse functional and cultural backgrounds. Prior to Carlyle, he served as Senior Vice President of Strategic Sourcing and Procurement at healthcare services company Cardinal Health where he was accountable for Cardinal’s $10 billion Medical Device spend. Prior to that, he spent 19 years at Whirlpool Corporation in various leadership roles during which he managed teams in China, Brazil, Sweden and Italy. He holds a Bachelor of Science degree in Aerospace Engineering from Syracuse University.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $223 billion of assets under management as of June 30, 2019, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,775 people in 33 offices across six continents.