Randal Alan Nardone is the current interim CEO of Fortress Investment Group. He is also a co-founder and principal of the investment management company. In November 2006, he was appointed to the board of the directors of the firm. However, he has held management positions before then. In fact, he has been in the management team since 1998. He became the Chief Executive Officer in August 2013. So basically, he is a co-founder, principal, director and the current interim CEO of Fortress Investment Group, the firm which he co-founded with Wesley R. Edens and Rob Kauffman in 1998.
Prior to that, Randal was a Managing Director of UBS. He was also a principal of BlackRock Financial Management and was once a partner of the Thacher Proffitt & Wood Law Firm. Aside those, he had also served in some other organizations.
Randal A. Nardone became a billionaire in 2007 after Fortress Investment Group’s Initial Public Offering (IPO). Consequently, he was featured in the 2007 Forbes magazine’s World’s Billionaires’ list for the first time. And he ranked 557. He had a net worth of $1.8 billion.
Randal Nardone’s Educational Background
Randal schooled at the University of Connecticut where he had his Bachelor’s degree in English and Biology. He further completed a Doctor of Jurisprudence (JD) degree from the Boston University School of Law.
Randal Nardone’s Executive Profile
Randal is known to be affiliated with over 20 companies. And he is a member of the Board of Directors of 8 organizations across 20 different industries. These 8 organizations are:
– Springleaf Financial Holdings LLC.
– Springleaf Finance Inc.
– Springleaf REIT Inc.
– Florida East Coast Holdings Corporation
– Alea Group Holdings Bermuda Ltd.
– Eurocastle Investment Limited
– Fortress Credit Corporation, and
– Fortress Investment Group LLC.
In addition to those organizations mentioned, Randal also holds affiliations with other organizations. Some of them are
– OneMain Holdings Inc.
– New Media Investment Group Inc.
– IMPAC Commercial Holdings, Inc.
– Drive Shark Inc.
– Newcastle Investment Holdings LLC
– Mapleley Limited
– Aircastle Limited
– Brookdale Senior Living
– Fortress Transportation and Infrastructure Investors LLC
– Fortress Fund Mm II LLC. and numerous other organizations.
What Employees are saying about Randal Nardone
Some of the employees at Fortress Investment Group have commended their current interim CEO and the other co-founders. One former employee described them as smart and thoughtful people. And another described them as friendly people.
In addition, former employees provided 91 reviews about the top management executives at the firm, however, Randal Nardone alone had 33 ratings which is impressive for a boss managing a multi-billion dollar investment organization.
Furthermore, SoftBank Group Corp. is now the parent company of Fortress Investment Group because she purchased the investment firm for $3.3 billion in December 2017, although, the agreement was first reached on February 14, 2017.