Global investment firm The Carlyle Group has appointed Matt Anderson as chief digital officer and also named Stefan Grunwald as the company’s chief procurement officer, effective Oct. 1.
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.
“The addition of Matt and Stefan to the Carlyle team underscores our commitment to creating value through operational improvement and to providing management teams with unrivaled tools and resources to grow,” Peter J. Clare, co-chief investment officer at The Carlyle Group, said.
Anderson, prior to Carlyle, led the expansion of electronic components and computer products maker Arrow Electronics’ digital business, growing it from a $140 million to a $2 billion business in three years. 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 U.K.-based yellow page and internet services company Hibu, formerly Yell Group. He holds Bachelor of Arts degrees in Economics and International Relations from the University of Pennsylvania.
Grunwald, prior to Carlyle, served as senior vice president of strategic sourcing and procurement at healthcare services company Cardinal Health where he was accountable for Cardinal's $10 billion Medical Device spend. Prior to that, he spent 19 years at Whirlpool Corp. in various leadership roles during which he managed teams in China, Brazil, Sweden and Italy. He holds a Bachelor of Science degree in Aerospace Engineering from Syracuse University.
The evolution of acoustic imaging has led to significant improvements in downhole imaging.
The Chevron and Occidental deal marks the first significant investment by energy groups into the technology developed by Carbon Engineering, a Bill Gates-backed start-up based in Canada.
The transformation toward automation is advancing in the U.S. land drilling environment.