Carl Icahn's investment firm appoints former GE dealmaker as CEO

Icahn Enterprises has market capitalisation of more than $13 billion and investments in energy, metals and real estate, among others

Billionaire activist investor Carl Icahn's investment firm on Monday named General Electric Co veteran and a former dealmaker, Aris Kekedjian, as its president and chief executive officer.

Kekedjian, who has worked with GE for about three decades until 2019, will replace Icahn Enterprises LP's CEO Keith Cozza. Cozza, leaving on May 31, joined Icahn's investment vehicle in 2004 and took over as the CEO in 2014.

Chief Financial Officer SungHwan Cho will also be departing, Icahn Enterprises said, adding it was currently searching for a successor.

One of the reasons behind the executives' departure was that they were unwilling to relocate to Florida,