Private equity firm CVC has hired Todd Sisitsky, the former second-in-command at TPG, as co-chief executive officer. The appointment is part of a broader succession plan aimed at ensuring leadership continuity at CVC. Sisitsky will serve alongside current CEO Rob Lucas, who has led the firm for several years and is overseeing the transition. The move signals CVC's strategy to strengthen its executive team amid growing competition in the private equity sector.

Sisitsky brings extensive experience from his tenure at TPG, where he held senior roles and helped manage significant investments across various industries. His recruitment underscores CVC's focus on bolstering its global footprint and investment capabilities. The co-CEO structure is intended to provide strategic depth and support long-term growth initiatives.

The leadership change comes as CVC continues to expand its operations internationally, particularly in key markets such as North America, Europe, and Asia. With Sisitsky onboard, the firm aims to enhance its deal-making prowess and client service offerings while maintaining its reputation for operational excellence.