Directorate Change

RNS Number : 2959V

3i Group PLC

08 July 2009

 



8 July 2009

3i Group appoints new non-Executive Directors

3i Group plc, an international private equity company, today announces the appointment of two non-executive directors. John Allan and Alistair Cox will join 3i's Board effective 1 September 2009 and 1 October 2009 respectively. 

John Allan brings impressive experience to the role, having most recently been appointed Chairman of DSG International, the appliance and electronics retailer, effective September 2009. He has board roles at Deutsche Lufthansa AG, facility service provider ISS A/S and National Grid plc. John was also CFO at Deutsche Post from 2005 to 2009 and CEO of Exel plc (previously Ocean Group Plc) from 1994 to 2005. 

Alistair Cox, Chief Executive of Hays plc, brings strong knowledge of international markets to 3i. He was previously Chief Executive of Xansa plc from 2002 to 2007, and was Regional President of Asia and Group Strategy Director at Lafarge (formerly Blue Circle Industries) between 1994 and 2002. 

Baroness Hogg, 3i Chairman said: 'We are very pleased to announce the appointment of John and Alistair to 3i's Board. They both bring a wide range of international experience and an impressive depth of knowledge to 3i. I very much look forward to working with them as 3i continues to build its business.'  

John Allan commented 'Given the range of 3i's business and the opportunity it faces as economies recover, I am very pleased to be joining the Board at this time.'

Alistair Cox, added '3i has an excellent reputation in this market, a strong brand and an increasingly international reach. Helping the organisation with the next stage of its development is a hugely exciting prospect and one that I look forward to immensely.'

Oliver Stocken, Deputy Chairman of 3i Group, stood down as Senior Independent Director at the end of March 2009 after nine years on the Board. He was succeeded as Senior Independent Director by Robert Swannell but agreed to stay on to assist in the selection of two new non-executive directors and he will be retiring from the Board at the end of 2009.

There are no other matters to disclose in accordance with paragraph 9.6.13R of the FSA's Listing Rules.

-Ends-

Notes to Editors 

Rachel Richards

3i PR Manager

020 7975 3573

About 3i

3i is an international leader in private equity. We focus on Buyouts, Growth Capital and Infrastructure and invest across Europe, Asia and North America. Our competitive advantage comes from our international network and the strength and breadth of our business relationships. These underpin the value that we deliver to our portfolio, shareholders and fund investors.

www.3i.com

 

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