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Article: 3i prepares to recruit successor to Hogg
- Article from:
- The Sunday Telegraph London
- Article date:
- February 22, 2009
- Author:
CopyrightCopyright 2009 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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BRITAIN'S largest listed private equity firm, 3i, has started the
hunt for two new non-executive directors, one of whom is likely to
replace chairman Baroness Hogg, who will step down at the end of
next year.
The recruitment drive, led by headhunter Zygos Partnership, comes
weeks after Philip Yea was ousted as chief executive.
The change in leadership will mark a fundamental shift for 3i,
which has been led by Baroness Hogg and Philip Yea since 2002 and
2004 respectively.
Mr Yea left the company at the end of last month after the
directors decided the company needed a change in direction after
years of growing both assets and debts.
The chief executive was seen as being responsible for ...