CD&R founder, private equity pioneer Rice steps down

Newswire

By Greg Roumeliotis NEW YORK, April 26 (Reuters) - Joe Rice, a founder of private equity firm Clayton, Dubilier & Rice LLC and an early practitioner of the leveraged buyouts that transformed finance, is stepping down after 34 years at the company, according to a letter sent to investors. Rice, a Harvard Law School graduate and a former lieutenant in the United States Marine Corps, will step down as chairman of CD&R in June, the firm's chief executive Donald Gogel told investors in ...

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