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Glenn Younkin, former co-CEO of Carlyle, is now governor elect of Virginia.
Marianne Ayala/Insider
  • Repulican Glenn Youngkin defeated Democrat Terry McAuliffe in Virginia's gubernatorial election.
  • Youngkin, who previously ran private-equity firm the Carlyle Group, won with over 50% of the vote.
  • Insider recently interviewed Youngkin about his career on Wall Street and his vision for Virginia.

A former Wall Street kingpin and leader at private-equity behemoth the Carlyle Group is set to become the next governor of Virginia.

Republican Glenn Youngkin spent decades at Washington, DC-based Carlyle – rising to co-CEO in 2018 before leaving in 2020 and announcing his plans to run against Democratic opponent Terry McAuliffe, the state's former governor.

Youngkin won the race on Tuesday night, earning 50.7% of the vote to McAuliffe's 48.6%, according to Decision Desk HQ.

Throughout the months-long campaign, Youngkin characterized himself as a jobs creator, touting his history in business as a reason voters should trust him to rehabilitate the Virginia economy.

Insider spoke to Youngkin over the summer about his career on Wall Street and his vision for Virginia.

In the interview, he sought to dash rumors that the relationship he shared with his former Carlyle co-CEO Kewsong Lee had soured prior to his exit from the firm last year. Plus, he reflected on hits and misses from his time in private equity, and shared clues about how he may seek to govern Virginia after his inauguration in January.

If you're an Insider subscriber, you can read the full interview with Glenn Youngkin here.

Read the original article on Business Insider