Carl Icahn has named former Basic Electrical govt Aris Kekedjian to take the helm at his namesake funding agency, Icahn Enterprises, the billionaire businessman informed The Wall Road Journal in an interview printed on Sunday.

Kekedjian, the chief funding officer at GE till 2019, will take over as chief govt and chief working officer of Icahn Enterprises on Monday, Icahn mentioned.

Keith Cozza, the agency’s present CEO, and SungHwan Cho, the chief monetary officer, are departing, Icahn mentioned. He mentioned that one motive for the departures is the agency’s relocation to Florida from New York. The newspaper reported that Icahn Enterprises will title a brand new CFO at an unspecified date sooner or later.

Icahn Enterprises and Kekedjian didn’t instantly return requests for remark from CNBC.

Icahn Enterprises is a holding firm with important investments in power, autos, actual property and different sectors.

The corporate is publicly traded and has a market cap of greater than $13 billion. Icahn, 85, the chairman of Icahn Enterprises, is anticipated to ultimately flip management of the corporate over to his son, Brett.