3i Group plc: non-executive Director changes
3i Group plc announces the appointment of Peter Grosch as a non-executive Director. He will join 3i''s Board with effect from 1 November 2015.
Peter, who is based in Germany, has a background in automotive and mechanical engineering with extensive general management and non-executive experience in numerous roles both in large corporates as well as in a number of successful private equity backed companies.
He is currently director or supervisory board member of a number of private and public companies including GEA HXS (chairman), Faster SPA (director) SLM Solutions AG (deputy chairman) and Fokker Technologies (supervisory board member) as well as being chairman of Euro-diesel, a 3i investee company. He was previously chairman of 3i-backed MWM Holding.
Simon Thompson, 3i Chairman, said: "We are very pleased to announce the appointment of Peter to 3i''s Board. He brings a wide range of experience relevant to our strategy for growing the business in our core geographies. I very much look forward to working with him."
Peter Grosch commented: "I am very much looking forward to joining the Board, particularly given the opportunities 3i has to develop its business."
There are no other matters relating to Peter Grosch to disclose in accordance with paragraph 9.6.13R of the FCA''s Listing Rules.
3i Group plc announces that Alistair Cox has indicated he will retire from the 3i Group plc Board at the close of business on 10 November 2015, having served on the Board for 6 years.
Simon Thompson said: "I would like to thank Alistair for his valuable contribution to 3i, and wish him every success for the future".
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For further information, contact:
Kathryn van der Kroft
020 7975 3021
Investor Relations Director
020 7975 3258
Notes to Editors:
3i is a leading international investment manager focused on mid-market private equity, infrastructure and debt management, across Europe, Asia and North America. For further information, please visit. www.3i.com
About Peter Grosch
Peter has 30+ years extensive general management experience in numerous roles in the general engineering, automotive and aerospace sectors. Previous appointments include CEO and President of Diehl Aerospace and Defence Systems (2006-7), Executive Vice President DaimlerChrysler Off highway (2001-6) and Managing Director and Boardmember of MTU Friedrichhafen, (now Rolls-Royce Power Systems AG) (1999-2006.).