Bloomberg Law
Aug. 18, 2023, 10:36 PMUpdated: Aug. 19, 2023, 1:46 AM

Apollo’s Outgoing Legal Chief Earned Nearly $8.4 Million (1)

Brian Baxter
Brian Baxter

Apollo Global Management Inc.'s longtime chief legal officer John Suydam received about $8.4 million in total compensation during fiscal 2022, the private equity firm disclosed in a proxy statement filed late Friday.

Suydam earned $2.5 million in annual base salary and more than $3.9 million in stock awards, the filing shows. Apollo gave Suydam an additional $1.9 million in other compensation, a sum that includes a $250,000 partner benefits stipend, according to the company’s proxy.

Suydam, who joined Apollo in 2006, is poised to step down at year’s end and transition to a senior advisory role. He had not previously been listed as one of the private equity giant’s highest-paid executives.

Whitney Chatterjee, a former partner at Sullivan & Cromwell, is set to replace Suydam. Chatterjee was hired by Apollo earlier this year as general counsel for its asset management and retirement services business.

W. Jay Clayton III, a former chairman of the US Securities and Exchange Commission, earned roughly $338,000 in total compensation as an Apollo director. Clayton is now an of counsel and senior policy adviser at Sullivan & Cromwell in New York.

Mitra Hormozi, a former top lawyer at Revlon Inc. and current partner at New York’s Walden Macht & Haran, received more than $752,400 as an Apollo director, according to its proxy.

Apollo didn’t immediately respond to a request for comment.

The New York-based company has long had close ties to Paul, Weiss, Rifkind, Wharton & Garrison, which within the past year has advised Apollo on major fundraisings, investments, and acquisitions.

Apollo’s warring co-founders Leon Black and Josh Harris have also been keeping legions of lawyers busy for different reasons. Marc Rowan, Apollo’s current chief executive, is stewarding the company into a new era.

Suydam currently owns nearly $29 million in Apollo stock, per Bloomberg data. Compensation information for Chatterjee, Suydam’s successor as legal chief, wasn’t included in Apollo’s most recent proxy.

KKR & Co. Inc., another investment giant, disclosed in a separate securities filing this month that it awarded 100,000 shares worth roughly $6 million to its new general counsel Kathryn “Katie” King Sudol. The former Simpson Thacher & Bartlett partner earned $18.6 million in total compensation from KKR last year.

(Clarifies compensation year for Suydam in headline and first paragraph and adds outside counsel information for Apollo in the eighth paragraph.)

To contact the reporter on this story: Brian Baxter in New York at

To contact the editors responsible for this story: Chris Opfer at; John Hughes at

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