Athene (ATH) taps Apollo executive Matthew Michelini as new President
Rhea-AI Filing Summary
Athene Holding Ltd. appointed Matthew Michelini as President of the company, effective July 1, 2026. He is a Partner at Apollo Global Management, previously served as Head of Asia-Pacific, and has been closely involved with Athene and other major Apollo growth initiatives since 2006.
In the new role, Michelini will focus on aligning Athene’s platform and advancing growth initiatives, including efforts to reinvent guaranteed lifetime income solutions. Athene describes itself as a leading retirement solutions company with $448 billion of total assets as of March 31, 2026, serving individuals and corporations across multiple geographies.
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Total assets: $448 billion
Effective date of presidency: July 1, 2026
Michelini age: 44 years
+5 more
8 metrics
Total assets
$448 billion
As of March 31, 2026
Effective date of presidency
July 1, 2026
Start date of Michelini’s role as President
Michelini age
44 years
Age of incoming President as disclosed in filing
Series A preferred dividend rate
6.35%
Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series A
Series B preferred dividend rate
5.625%
Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series B
Series D preferred dividend rate
4.875%
Fixed-Rate Perpetual Non-Cumulative Preferred Stock, Series D
Series E preferred dividend rate
7.75%
Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series E
Junior subordinated debentures coupon
7.250%
Fixed-Rate Reset Junior Subordinated Debentures due 2064
Key Terms
Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Fixed-Rate Reset Junior Subordinated Debentures, Regulation FD Disclosure, guaranteed lifetime income solutions, +1 more
5 terms
Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock financial
"Depositary Shares, each representing a 1/1,000 th interest in a 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series A"
A fixed-to-floating rate perpetual non-cumulative preferred stock is a type of share that pays a set dividend for an initial period, then switches to a variable dividend tied to a market benchmark, has no scheduled maturity date, and does not require the issuer to make up missed payments. Think of it like a long-term income instrument that can change its payout rate; it matters to investors because it offers priority over common stock for income but carries interest-rate and payment-risk implications that affect yield and valuation.
Fixed-Rate Reset Junior Subordinated Debentures financial
"7.250% Fixed-Rate Reset Junior Subordinated Debentures due 2064"
Regulation FD Disclosure regulatory
"Item 7.01 Regulation FD Disclosure. The Company issued a press release, dated June 1, 2026"
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
guaranteed lifetime income solutions financial
"advancing key growth initiatives, including Athene’s efforts to reinvent guaranteed lifetime income solutions"
Emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What leadership change did Athene (ATH) announce in this 8-K filing?
Athene appointed Matthew Michelini as President of Athene Holding Ltd., effective July 1, 2026. He will focus on aligning the business and leading key growth initiatives, particularly around retirement income solutions, while maintaining ties to Apollo Global Management.
What is Matthew Michelini’s background before becoming Athene (ATH) President?
Michelini is a Partner at Apollo Global Management and previously served as Head of Asia-Pacific. He joined Apollo in 2006, helped launch major growth initiatives including Athene, and has prior experience in Lazard’s Mergers & Acquisitions group.
What responsibilities will the new Athene (ATH) President have?
As President, Michelini will drive alignment across Athene and lead key growth initiatives. These include advancing Athene’s efforts to reinvent guaranteed lifetime income solutions and supporting expansion across products, channels, markets, and client bases.
How is Matthew Michelini compensated for his role at Athene (ATH)?
Following his appointment, Michelini will continue his current base salary and target bonus opportunity. He retains participation in legacy Apollo carried interest and other programs, and a portion of his compensation for services to Athene will be paid by Apollo.
How large is Athene (ATH) according to this filing?
Athene reports $448 billion of total assets as of March 31, 2026. The company operates in the United States, Bermuda, Canada, and Japan, offering retirement income and savings products to individuals and providing retirement-related solutions to corporations.
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION | ||||||||||||||||||||||||||||||||
| Washington, D.C. 20549 | ||||||||||||||||||||||||||||||||
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): June 1, 2026
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1 (515 ) 342-4678
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| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | ||||||||||||||||||||||||||||||||||||||||||||
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||||||||||||||||||||||||||||||||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||||||||||||||||||||||||||||||||||||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||||||||||||||||||||||||||||||||||||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||||||||||||||||||||||||||||||||||||||
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| Title of each class | Trading Symbols | Name of each exchange on which registered | |||||||||||||||||||||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 1, 2026, Athene Holding Ltd. (the “Company”) appointed Matthew Michelini President of the Company, with such appointment to be effective as of July 1, 2026.
Mr. Michelini, 44, is Partner and previously Head of Asia-Pacific at Apollo Global Management, Inc., the parent of the Company (together with its subsidiaries other than the Company and its subsidiaries, “Apollo”), and serves as a member of Apollo’s Leadership Team. Mr. Michelini joined Apollo in 2006 in Private Equity and has played a pivotal role in the creation and success of many of Apollo’s largest growth initiatives, including the Company, Hybrid Value, Apollo Dedicated Insurance Program, Natural Resources and the development of the Financial Institutions Group. He previously served on the board of directors of the Company from October 2010 to June 2023. He has also served on the boards of directors of Aleris Corporation, Challenger Limited, Hero FinCorp, Maxcap Group, Metals USA, Noranda Aluminum, One Main Financial, Venerable Holdings and Warrior Met Coal. Prior to joining Apollo, Mr. Michelini was a member of the Mergers & Acquisitions group at Lazard Frères & Co. Mr. Michelini received a Bachelor of Arts in Mathematics and a Certificate in Finance from Princeton University and a Master of Business Administration from Columbia University.
Mr. Michelini has no family relationship with any member of the Board of Directors of the Company or any executive officer of the Company. There are no arrangements or understandings between Mr. Michelini and any other person pursuant to which he was appointed President of the Company.
Following the appointment, Mr. Michelini will continue to receive his current base salary and target bonus opportunity. Mr. Michelini also retains participation in certain legacy Apollo carried interest and other programs received in connection with his services to Apollo. A portion of Mr. Michelini’s compensation for his services to the Company is expected to be paid by Apollo.
Mr. Michelini is expected to enter into a standard indemnification agreement in substantially the same form that the Company has entered into with its other directors and officers.
Item 7.01 Regulation FD Disclosure.
The Company issued a press release, dated June 1, 2026, related to Mr. Michelini’s appointment as President. A copy of this press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
The foregoing information, including the Exhibit referenced in Item 7.01, is being furnished pursuant to Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing or document, except as shall be expressly set forth by specific reference in such a filing or document.
| Item 9.01 | Financial Statements and Exhibits. | ||||
| (d) | Exhibits | ||||
| 99.1 | Press release dated June 1, 2026 (furnished and not filed). | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ATHENE HOLDING LTD. | ||||||||
| Date: | June 1, 2026 | /s/ Joseph B. Cohen | ||||||
| Joseph B. Cohen | ||||||||
| Executive Vice President and General Counsel | ||||||||
1 Athene Announces Key Leadership Appointment Matthew Michelini Named President of Athene Holding Ltd. to Drive Strategic Growth Initiatives WEST DES MOINES, Iowa, June 1, 2026 -- Athene, the leading retirement solutions company and subsidiary of Apollo Global Management, Inc. (NYSE:APO), announced today that it has appointed Matthew Michelini as President of Athene Holding Ltd. (AHL), effective July 1, 2026. Michelini most recently served as Apollo’s Head of Asia-Pacific and has been with Apollo for nearly 20 years. This appointment and evolution in leadership structure reflects Athene’s continued momentum and the increasing breadth of its platform across products and channels. In his capacity as President of AHL, Michelini will be responsible for driving alignment across Athene and advancing key growth initiatives, including Athene’s efforts to reinvent guaranteed lifetime income solutions. Grant Kvalheim, CEO of Athene said, “We are thrilled to have Matt join Athene’s senior leadership team. Together with Apollo, we are working to build and scale next generation retirement solutions to meet the growing societal need for guaranteed lifetime income. Matt’s experience with Athene since its earliest days, as well as his most recent role in expanding our offerings and relevance in Asia-Pacific, makes his perspective an important asset as we continue to expand our market share, innovate and grow in new markets and client bases.” Michelini said, “Athene has an extraordinary opportunity to address the growing and urgent demand for guaranteed retirement income. Having worked closely with the Athene team since the very first days of the company, I am energized to take on this leadership role as we strive to create and provide simpler, easier to deliver, and a more diverse set of retirement solutions.” Michelini joined Apollo in 2006 and has played a pivotal role in the creation and success of many of Apollo’s largest growth initiatives, including Athene, Hybrid Value, Apollo Dedicated Insurance Program, and the development of the Financial Institutions Group. Since September 2021, Michelini has been based in Asia building out Apollo and Athene’s capabilities and offerings across the region as Head of Asia-Pacific. Michelini previously served on the Boards of Athene Holding Ltd. and several other companies. Before Apollo, he was a member of the Mergers & Acquisitions group at Lazard Frères & Co. About Athene Athene is the leading retirement solutions company with $448 billion of total assets as of March 31, 2026, and operations in the United States, Bermuda, Canada, and Japan. Athene is focused on providing financial security to individuals by offering an attractive suite of retirement income and savings products and also serves as a solutions provider to corporations. For more information, please visit www.athene.com. Contact Alyssa Castelli Director, External Relations +1 (646) 768-7304 Alyssa.castelli@athene.com