TEN - Tenneco's CEO Brian Kesseler to step down as Apollo Global's boss take the helm post merger

• Tenneco's ( NYSE: TEN ) CEO Brain J. Kesseler announced Thursday that he intends to leave the company upon the completion of pending merger with Apollo Global Management ( NYSE: APO ).
• The auto-parts and equipment company told that affiliates of Apollo Global Management - Pegasus Holdings and Pegasus Merger - have advised it to appoint Jim Voss as Tenneco's new chief executive officer to succeed Kesseler.
• Jim Voss is a CEO and Operating Partner of Apollo Global Management and also serves as a Chairman of Kem One Group, a European producer of polyvinyl chloride, and of ABC Technologies.
• Stock is up 11% in early trading on Thursday .
• The parties to the merger told the transaction has reached close to completion except for the receipt of remaining antitrust and competition law approvals from of the European Union, Japan and Mexico.
• Also Read: Tenneco raised at JPMorgan as sale to Apollo likely to close on agreed terms

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