Apollo co-founder Harris steps back after missing out on CEO

For Josh Harris, the end of his three decades as a dealmaker at Apollo Global Management Inc. came swiftly.

Just four months after he was passed over for the top job at the private equity giant, Harris threw in the towel and relinquished his day-to-day role.

Harris’s departure will be finalized when Apollo’s acquisition of Athene Holding Ltd. is completed early next year, the firm said in a statement Thursday. He’ll continue as an Apollo director and on the board’s executive committee.

The firm tapped Marc Rowan earlier this year to succeed Leon Black as chief executive officer. Harris has since given up day-to-day handling of operations

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