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NewsMacro · JPM

CVC names Todd Sisitsky co-CEO in succession plan for chief Rob Lucas

The appointment of Todd Sisitsky as co-CEO puts CVC's leadership succession in focus. Sisitsky was TPG's second-in-command before the move, and CVC, a private equity group, has brought him on as part of a succession plan for its chief, Rob Lucas.

By Grant HalloranMacro DeskSeptember 9, 20262 min readJPM ·MS
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Key takeaways

  • CVC has appointed Todd Sisitsky as co-CEO as part of a succession plan for its chief, Rob Lucas.
  • Sisitsky previously served as TPG's second-in-command, at the top of that firm's operational hierarchy.
  • The co-CEO structure places Sisitsky alongside Lucas, signaling the succession is now an active process rather than one held in reserve.
  • No timeline for Lucas's departure has been disclosed.
  • How responsibilities will be divided between Sisitsky and Lucas has not been made public.

The appointment of Todd Sisitsky as co-CEO puts CVC's leadership succession in focus. Sisitsky was TPG's second-in-command before the move, and CVC, a private equity group, has brought him on as part of a succession plan for its chief, Rob Lucas.

The co-CEO structure places Sisitsky alongside Lucas as the transition takes shape. His prior role at TPG positioned him at the top of that firm's operational hierarchy, and the CVC appointment signals that the succession is now an active process rather than one held in reserve.

No timeline for Lucas's departure has been disclosed, and the scope of how responsibilities will be divided between the two executives has not been made public. What to watch is a further announcement from CVC formalizing the shape and pace of the leadership change.

Related reading

About this story

Filed by the macro desk of MarketPR on September 9, 2026. Source: ft.com. Indicative figures are not investment advice.

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Frequently asked

Who is Todd Sisitsky and what is his new role at CVC?

Todd Sisitsky, formerly TPG's second-in-command, has been named co-CEO of the private equity group CVC as part of a succession plan for chief Rob Lucas.

When will Rob Lucas step down as CVC's chief?

No timeline for Lucas's departure has been disclosed.

How will responsibilities be split between the two co-CEOs?

The scope of how responsibilities will be divided between Sisitsky and Lucas has not been made public.

What should observers watch for next?

A further announcement from CVC formalizing the shape and pace of the leadership change is what to watch for next.