Marc Beilinson
Director at APO
Board
About Marc Beilinson
Independent director of Apollo Global Management (AGM), age 66, serving since January 2022; Chair of the Compensation Committee and member of the Audit Committee. Beilinson is a restructuring specialist and former interim C‑suite executive in multiple Chapter 11 situations (Innkeepers USA, Fisker Automotive, Newbury Common, Eagle Hospitality). He is Lead Independent Director of Athene Holding Ltd. (AHL) with additional committee roles there. Education: B.A. (UCLA) and J.D. (UC Davis). His background includes extensive board service and designation as an audit committee financial expert.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Beilinson Advisory Group | Managing Director | Aug 2011 – present | Financial restructuring and hospitality advisory; assists distressed companies |
| Newbury Common Associates LLC (and affiliates) | Chief Restructuring Officer | Dec 2016 – Jun 2017 | Oversaw Chapter 11 reorganization in CRO role |
| Fisker Automotive | Chief Restructuring Officer | Nov 2013 – Aug 2014 | Oversaw Chapter 11 reorganization |
| Eagle Hospitality Properties Trust, Inc. | Chief Restructuring Officer; Chief Executive Officer | Aug 2011 – Dec 2014 | Led restructuring; interim CEO |
| Innkeepers USA Trust | Chief Restructuring Officer | Nov 2008 – Mar 2012 | Oversaw Chapter 11 reorganization |
External Roles
| Organization | Role | Tenure | Committees/Notes |
|---|---|---|---|
| Athene Holding Ltd. (AHL) | Independent Director; Lead Independent Director | Since 2013 | Conflicts Committee; Legal & Regulatory Committee; prior Compensation Committee (2013–2021) |
| Playtika | Director | Current | Chair of Audit Committee; Member of Nominating & Corporate Governance Committee |
| Exela Technologies | Director (prior) | Prior | Audit committee experience |
| Westinghouse Electric | Director (prior) | Prior | — |
| Caesars Acquisition Company | Director (prior) | Prior | — |
| Wyndham International, Inc. | Director (prior) | Prior | — |
| Apollo Commercial Real Estate Finance, Inc. | Director (prior) | Prior | — |
| Innkeepers USA Trust | Director (prior) | Prior | — |
| Gastar Inc. | Director (prior) | Prior | — |
Board Governance
- Committee assignments at AGM: Chair, Compensation Committee (5 meetings in 2024; Semler Brossy retained as independent consultant); Member, Audit Committee (8 meetings in 2024). All members of both committees are independent per NYSE/SEC rules; Beilinson is designated an “audit committee financial expert.”
- Independence and attendance: Independent director; Board held 4 meetings in 2024; each director attended at least 75% of aggregate Board and committee meetings (same standard met in 2023 when Board held 6 meetings).
- Governance practices: AGM highlights majority‑independent board, executive sessions of independent directors, majority vote standard for director elections, and meaningful stock ownership guidelines for directors.
Fixed Compensation
| Year | AGM Fees Earned or Paid in Cash ($) | Stock Awards ($) | All Other Compensation ($) | Total ($) |
|---|---|---|---|---|
| 2024 | 275,000 | — | — | 275,000 |
| 2023 | 263,125 | — | — | 263,125 |
- AGM director fee framework (2024): Independent Chair/Lead Independent Director fee $100,000; Committee Chair fee $25,000; Committee Member fee $25,000; ad hoc committee fees also apply; chair fee incremental to member fee.
- Ad hoc committee service: In 2024, Beilinson served on an AGM ad hoc committee and received $25,000, plus an additional $25,000 for serving as chair of that ad hoc committee (total $50,000 for that assignment).
- AHL director fees (separate from AGM): Aggregate 2024 fees received from AHL board and committees totaled $417,752; details noted include $36,750 for Lead Independent Director responsibilities and $10,500 each for service on AHL’s conflicts and legal and regulatory committees; also served on a special litigation committee at $7,500/month in 2024. Aggregate 2023 AHL fees were $462,750.
Performance Compensation
| Component | Typical Value/Terms | Vesting/Settlement | Notes |
|---|---|---|---|
| Welcome RSU grant (independent directors) | $200,000 ($250,000 for Lead Independent Director/Independent Chair) | Vests on or about July 1 of the year following grant | Continuing directors receive annual grants thereafter; directors may elect to defer receipt of shares until board service ends |
| Unvested RSUs | Not entitled to dividends or dividend equivalents | N/A | Applies to director RSUs |
- 2024 person‑specific equity: Beilinson reported no AGM stock awards in 2024 and 2023 in the director compensation tables.
Other Directorships & Interlocks
| Entity | Nature of Interlock/Exposure | Implication |
|---|---|---|
| Athene Holding Ltd. (AHL) | AGM affiliate with separate public-company board; Beilinson is Lead Independent Director and serves on key committees; receives separate board compensation from AHL | Intra‑group directorships can present conflict‑management needs; AHL maintains a Conflicts Committee and robust committee structure to manage such matters |
Expertise & Qualifications
- Skills matrix tags for Beilinson include: Apollo business/industry knowledge; Accounting/Audit Committee; Public Board; Senior Executive Leadership; Financial Literacy; Regulatory/Legal/Compliance.
- Audit Committee Financial Expert designation under Item 407(d)(5) of Regulation S‑K.
Equity Ownership
| As of Date | Shares Beneficially Owned | Ownership % | Notes |
|---|---|---|---|
| April 1, 2025 | 108,425 | <1% | Based on 570,432,275 shares outstanding |
| April 1, 2024 | 104,590 | <1% | Based on 569,003,922 shares outstanding |
- Director stock ownership guidelines: Independent directors are expected to hold at least 5x the base annual cash retainer ($150,000), measured using average prior‑year NYSE closing price; expected to meet within 5 years; as of Jan 1, 2025, each director with ≥5 years on the board exceeded the level and those with <5 years are on track.
Governance Assessment
- Strengths
- Independent director with restructuring expertise; designated Audit Committee Financial Expert; chairs Compensation Committee comprising only independent directors.
- Uses independent compensation consultant (Semler Brossy); AGM governance includes majority voting standard, executive sessions, and meaningful ownership guidelines.
- Attendance expectations met: each director attended at least 75% of Board/committee meetings in 2024; Compensation (5) and Audit (8) committee cadence suggests active oversight.
- Potential Risks/Conflicts
- Dual roles across AGM and AHL create intra‑group interlocks; however, AHL maintains conflicts and legal/regulatory committees (on which he serves) and AGM emphasizes independent committee structure. Monitor for perceived conflicts, especially regarding compensation decisions spanning the Apollo ecosystem.
- Compensation mix: Beilinson’s AGM compensation has been predominantly cash in 2023–2024 (no AGM stock awards reported), which may modestly reduce alignment relative to peers with ongoing RSU grants; though directors are subject to ownership guidelines.
Overall, Beilinson’s restructuring pedigree and committee leadership (Compensation Chair; Audit member/financial expert) support board effectiveness; interlocks with AHL are disclosed and compensated, with conflicts governance in place, but warrant routine investor monitoring.