Undercurrent

Apollo Global Management: Leon Black not rejoining board of directors 

By: - January 12, 2022 12:24 pm

Apollo is seeking a Nevada gaming license to purchase the Las Vegas Sands’ local properties.

Leon Black, the founder and former CEO of Apollo Global Management, has no plans to return to the company’s board of directors that he once chaired. 

“Mr. Black has advised Apollo that he won’t be standing for nomination to the Apollo Board,” according to Steven Lipin, CEO of the public relations firm Gladstone Place Partners, which represents Apollo.  

On Tuesday, AGM filed a document with the Securities and Exchange Commission that would allow Black’s return. He stepped down last year amid revelations that he paid convicted sex trafficker Jeffrey Epstein $158 million.

Black is also alleged in a lawsuit to have made $100,000 monthly payments to a woman with whom he was involved to keep their relationship quiet. Last year Vanity Fair cited sources in reporting Black is under criminal investigation by the Manhattan District Attorney. No charges have been filed against him.  

AGM is seeking a Nevada gaming license to purchase the Las Vegas Sands’ local properties.

“All directors are subject to nomination of the independent Nominating and Corporate Governance committee and approval of a majority of stockholders,” AGM said in a statement. “Leon Black has advised the company he has no intention to seek nomination.”

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Dana Gentry
Dana Gentry

Dana Gentry is a native Las Vegan and award-winning investigative journalist. She is a graduate of Bishop Gorman High School and holds a Bachelor's degree in Communications from the University of Nevada, Las Vegas. Gentry began her career in broadcasting as an intern at Channel 8, KLAS-TV. She later became a reporter at Channel 8, working with Las Vegas TV news legends Bob Stoldal and the late Ned Day. Gentry left her reporting job in 1985 to focus on motherhood. She returned to TV news in 2001 to launch "Face to Face with Jon Ralston" and the weekly business programs In Business Las Vegas and Vegas Inc, which she co-anchored with Jeff Gillan. Dana has four adult children, two grandsons, three dogs, three cats and a cockatoo named Casper.

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