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Michael Harrington Joins CD&R as Risk Director

In a significant move aimed at bolstering its strategic approach to risk management, Clayton, Dubilier & Rice (CD&R), a distinguished private investment firm, has appointed Michael Harrington as its Risk Director. This newly established role is poised to enhance both portfolio and enterprise-level risk management, reflecting CD&R's commitment to navigating complex financial landscapes effectively.

Michael Harrington's Extensive Background

Michael Harrington brings with him over twenty years of extensive experience in risk management, making him an invaluable addition to the CD&R team. His most recent position was Vice President of Risk Management and Assistant Secretary at Lockheed Martin Corporation, the premier defense contractor in terms of revenue worldwide. At Lockheed Martin, Harrington was instrumental in reshaping the company’s risk management practices, integrating these strategies into the overall business framework. His work included significant contributions to contract negotiations and the development of risk management systems that modernized data handling across the organization.

During his tenure at Lockheed Martin, Harrington was recognized for creating a coalition of risk professionals throughout the Defense Industrial Base, aimed at reviving the national space program alongside NASA and the U.S. government. His leadership in this area earned him the prestigious title of Risk Manager of the Year in 2021 from the Risk and Insurance Management Society. This accolade highlights his capability to manage and lead significant initiatives in risk management.

A Commitment to Strengthening Risk Culture

Expressing his enthusiasm for joining CD&R, Harrington stated, “I am honored to join CDR and do my part to support the Firm's long-term growth. I look forward to further strengthening CD&R's risk infrastructure and driving strategic initiatives.” His commitment to reinforcing the culture of risk management within the firm underscores a proactive approach to navigating potential challenges while pursuing growth opportunities.

CD&R Vice Chairman John Krenicki also expressed excitement about Harrington’s appointment, emphasizing that his background will enhance the firm's risk management practices across its portfolio businesses, further enabling sustainable growth. Krenicki's confidence speaks volumes about the strategic direction that CD&R is taking under Harrington’s guidance.

Career Path and Contributions

Prior to his impactful role at Lockheed Martin, Harrington served as an in-house attorney at Textron Inc., where he transitioned to Director of Risk Management, overseeing all security and insurance programs at the firm. His extensive experience also includes significant positions at Dell/EMC Corporation and Jabil Circuit, Inc., where he led the implementation of insurance coverage strategies across multiple countries. His broad expertise across diverse industries positions him uniquely to craft tailored risk management strategies at CD&R.

Additionally, Harrington’s foundational career was marked by nine years of active duty in the U.S. Army, where he achieved the rank of Major within the 10th Special Forces Group. His military background, coupled with a robust academic foundation—holding a B.A. in History from Norwich University, a J.D. from Boston University, and an M.A. in Government from Harvard University—solidifies his analytical and strategic skill set.

About CD&R

CD&R was established in 1978 and operates with a vision to create strong investment returns through building sustainable businesses. The firm is known for its extensive experience in investing across a variety of sectors, including industrial, healthcare, technology, and financial services. CD&R prioritizes partnership with management teams to promote effective value creation and resilience in the firms it invests in. With a long-term perspective, CD&R continues to navigate the complexities of the investment landscape, now bolstered by Michael Harrington's expertise in risk management. For more insights about CD&R, please visit www.cdr.com.