The Carlyle Group makes two senior appointments

30 September 2019 - 12:00 am UTC

Global investment firm The Carlyle Group said on 30 September it has appointed two executives focused on driving value across its global portfolio.


Matt Anderson, former president and chief digital officer at Arrow Electronics, has been named Carlyle’s first Chief Digital Officer, and Stefan Grunwald (pictured), former senior vice president of strategic sourcing and procurement at Cardinal Health, has been named Carlyle’s Chief Procurement Officer, effective 30 September. 


Both executives will deliver strategic and operational support to Carlyle’s portfolio companies and investment teams, working with the firm’s investment professionals and advisors including its operating executive and senior advisor consultants.  


Anderson will develop and implement digital transformation strategies to help the firms in which Carlyle has invested grow and assist Carlyle’s investment teams in finding such opportunities during the diligence process.


He will identify and execute new strategies in digital, data and analytics and other technologies, build an ecosystem of experts and suppliers and play a leading role in CEO mentorship. 


Grunwald will serve as the procurement and supply chain specialist for Carlyle’s portfolio and collaborate with management teams to identify and implement procurement and supply chain efficiency improvements. In addition, he will work with Carlyle’s investment teams to uncover procurement opportunities during due diligence.


Anderson, based in New York, brings experience in both advising on and delivering digital transformations across a range of industries.


Prior to Carlyle, he led the expansion of electronic components and computer products maker Arrow Electronics’ digital business, growing it from USD 140m to USD 2bn business in three years.


He led Arrow’s innovative partnership with Indiegogo, its expansion into cloud technology distribution, and launched the world’s largest “on-demand” engineering platform for high-tech design in the B2B space.


Prior to Arrow, he led Booz & Co’s eCommerce and digitization practice and developed its digital transformation agency model before developing a digital business at UK-based yellow page and internet services company Hibu, formerly Yell Group.


Grunwald, based in Washington, D.C., brings a strong background leading enterprise-wide procurement transformations and managing teams from diverse functional and cultural backgrounds.


Prior to Carlyle, he served as senior VP of strategic sourcing and procurement at healthcare services company Cardinal Health where he was accountable for Cardinal’s USD 10bn medical device spend.


Prior to that, he spent 19 years at Whirlpool Corporation in various leadership roles during which he managed teams in China, Brazil, Sweden and Italy.  


Read more