Tag Archives: operations management

Randal Nardone Remains Fortress CEO After SoftBank Acquires

Randal Nardone, 62, is best known for being a key member of the Fortress Investment Group. He co-founded Fortress, along with Wes Edens and Rob Kauffman, and has served as a principal and director since 2013, and is currently CEO of Fortress. Randal also serves as: President of Ncs 1, LLC; President and Chairman of Springleaf Financial Holdings, LLC; Vice-President and Secretary of Newcastle Holdings, LLC; Director on the board of Eurocastle Investment Limited; and Director on the board of Florida East Coast Holdings Corp.

In February of 2017, SoftBank agreed to acquire Fortress Investment Group for roughly $3.3 billion in cash. In a vote of confidence in Randal Nardone and his fellow principals at Fortress — Wes Edens and Peter Briger — SoftBank has asked them to remain as leaders of Fortress Investment Group. In a sign of their alignment and solidarity with the ideals of the deal, Randal, Edens, and Briger committed to investing half of their after-tax proceeds from the acquisition to Fortress-managed investments.

Randal Nardone and the Fortress Investment Group are expected to operate as an independent business under the umbrella of SoftBank. SoftBank has made it clear that they intend to preserve and maintain the Fortress brand, processes, and business culture that have contributed to Fortress’ ongoing success. The visionary leader of SoftBank, Masayoshi Son, under whose guidance SoftBank has thrived, has expressed in confidence in the leadership of Fortress.

Under Randal Nardone’s leadership, Fortress Investment Group’s primary focus has been on asset-based investments, capital markets, mergers and acquisitions, operations management, and targeted sector-specific knowledge of companies.

Fortress Investment Group is based in New York, with two of its principals based in New York, and the remaining principal, Peter Briger, operating out of San Francisco.

Randal Nardone holds a BA from the University of Connecticut, and a Juris Doctorate from the University of Boston School of Law.