Randal Nardone, the current Chief executive Officer of Fortress Investment Group LLC, has a leadership-backed resume to credit him for the job and many other roles that he is active in.Randal Nardonetook up the position in 2013 after serving as the interim CEO since 2011. Moreover, he is a co-founder of the organization, a principal and is also on the board of directors of the firm.Randal Nardone sat in the management committee from the start in 1998 when he, Wes Edens and Rob Kauffman founded the company. He went on to be elected to the board of directors in November 2006. Currently, he takes charge of all legal and financial matters of the company.
Randal Nardone attended school at Boston School of Law where he got a law degree and also went to the University of Connecticut from which he holds a Bachelor of Arts degree in English and Biology.Before founding the Fortress Investment Group, he worked at the Union Bank of Switzerland for a year from May 1997 to May 1998. He was the Managing Director of this bank which is an esteemed position. He also worked at Blackrock Investment Management before UBS, where he was a principal. He had put his law degree to some use when he worked at Thacher Proffitt & Wood law firm. He was a partner in this firm and also on the executive committee.He has led Fortress to Various strides most famous being the sale of all outstanding shares to the Soft Bank Group, which is a Japanese owned firm. The transaction cost $3.3 billion with class A shares being bought at $8.08 from $5.83.
Apart from opening up credit sources, Randal Nardone believed that this was going to speed up the growth of the company. Randal also serves in other advisory roles apart from Fortress, which include: President and chairman of SpringLeaf Financial holdings; Vice president and secretary of Newcastle LLC and president of NSC1.He has earned the attention of Forbes Magazine where he ranked number 557 on the billionaire’s list with a net worth of $1.8 million and a self-made status. The fact that the Soft Bank group left the leadership in place, trusting it to have brought the company to its current position and dominance, it shows the talent in Fortress’ direction.The employees also believe that the working environment helps them to grow and learn professionally.