Sequoia Capital, one of Silicon Valley's most storied venture capital firms, is set to name a new leader, people familiar with the matter say
, one of Silicon Valley’s most storied venture-capital firms, has named a new leader in a rare transfer of power that comes as the investment house has moved to overhaul the traditional startup-financing business.will take on a new role overseeing the firm’s U.S.
and European funds, according to people with knowledge of the matter. His ascension settles widespread speculation over who would assume the job with the expected retirement of. In July, Mr. Leone will reach the firm’s mandatory retirement age of 65. He joined Sequoia in 1988 and has led the firm for about the last decade.
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