Ares Management Appoints New Co-Presidents

Summary

On February 5, 2025, Ares Management Corporation announced the appointment of R. Kipp deVeer and Blair Jacobson as Co-Presidents, effective immediately. This leadership change follows the resignation of Michael J Arougheti, who will continue as Chief Executive Officer. The new Co-Presidents will focus on strategic and operational initiatives and the development of future leaders at the firm. This announcement was made through a press release and is detailed in Exhibit 99.1.