Randal Nardone and The Ingenious Leadership Roles He’s Held For Fortress Investment Group
A company’s successful growth can only be sustained if the executives running it are both adept in addressing market challenges and equipped with the skillset and talent to generate new ideas. Fortunately, Randal Nardone is an example of an executive who has shown competence in running Fortress Investment Group, LLC, as its co-founder and principal.Being founded in 1998, Fortress has grown into one of the world’s largest asset managers today that have solutions for various alternative assets. The success of Fortress Investment has even reached to a level that rendered Randal Nardone as part of Forbes Billionaire’s List.Randal Nardone reached Rank #557 in Forbes Billionaire’s List, and this could not have happened without his involvement in Fortress Investment’s growth. He owns about 53 million shares of the company, which is worth $1.6 billion.
After Fortress sold its minority interest to Nomura, a Japanese investment firm, for $890 million, Nardone was already able to acquire an additional $100 million for net cash payouts that he’s been receiving since 2005.Nardone’s career is also a series of leadership positions and formative experience. Before being the Chief Executive Officer and Principal of Fortress Credit Corporation, he served as the Secretary of Newcastle Investment Corp. from June of 2002 until September 2016. He also held positions as the Interim Chief Executive Officer of Fortress Investment Group, LLC, from December 2011 to 2013. He also became the Managing Director at the very well known UBS in 1997 until he ended it last May 1998.Randal Nardone also became the principal for the established BlackRock Financial Management, Inc and a Partner at the Thacher Proffitt & Wood.
Nardone also became the Executive Director for the operations of Mapeley Limited, as well as Springleaf Finance Corporation’s Director. The role that Nardone held for New Media Investment Group, Inc, Brookdale Senior Living, Inc and Aircastle Limited have also shaped his experience and understanding of what makes companies work, what doesn’t and how to keep employees motivated in extremely demanding work environments.It would also be incomplete to describe the work timeline of Nardone without saying that he’s also serving today the role as the Co-founder of Fortress Registered Investment Trust. It’s also important to highlight here that Nardone holds a J.D. that he received from Boston University School of Law, while his Bachelor of Arts degree in English was from the University of Connecticut.