Private equity firm General Atlantic is promoting three executives to the newly created role of co-president, the latest in a recent spate of firms to lay the groundwork for leadership succession.

Anton Levy, Gabriel Caillaux and Martín Escobari will become co-presidents effective January 1, 2020, the firm said. General Atlantic chief executive Bill Ford will remain in that role and continue as chairman of the firm’s management committee, on which all three of the new co-presidents already sit.