In a statement billionaire activist investor Carl Icahn said, Aris Kekedjian, a former General Electric Co executive will be named as Icahn Enterprises LP’s CEO.

Kekedjian, who was the U.S. conglomerate’s chief investment officer until 2019, will be appointed as Icahn Enterprises’s CEO and chief operating officer on Monday, said Icahn.

SungHwan Cho, Icahn Enterprises’s CFO and its current CEO Keith Cozza are leaving the firm.

A factor in their departure was neither Cozza nor Cho planned to relocate to the Miami area, where Icahn and the firm recently moved.

A new CFO will be named at a later date.

Icahn Enterprises LP did not immediately respond to request for comments.

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