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DGAP-News: EQT Appoints Strong Industrial Board
ID: 901692
(firmenpresse) - DGAP-News: EQT Partners AB / Schlagwort(e): Personalie
EQT Appoints Strong Industrial Board
02.07.2013 / 09:31
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Press Release July 2, 2013EQT Appoints Strong Industrial Board
Following the announcement earlier about EQT's new corporate structure, the
composition of the Board of Directors for EQT Holdings AB is now ready.
The new Board of Directors will consist of five members: Dr Josef
Ackermann, Finn Rausing, Marcus Wallenberg, LeifÖstling and Conni Jonsson
(Chairman). The members of the new Board represent strong industrial
competence from a variety of businesses and geographies. The Board will
continue to develop EQT further into a more sustainable investor and owner
of companies.
'It is really exciting that EQT can attract individuals with such an
extensive experience and broad knowledge. Given the challenges the whole
industry is facing, the Board will be very important for EQT. It will focus
on securing EQT's sustainable growth strategy and in becoming more
transparent, thus creating an increased trust among the various
stakeholders EQT has,' says Conni Jonsson, CEO and Chairman of the Board of
EQT Holdings AB.
The new corporate structure, with Sweden based EQT Holdings AB as holding
company, is transparent and enables EQT to accumulate a long-term financial
reserve for stable organic expansion and a buffer across business cycles.
EQT Holdings AB will be 81% owned by partners of the investment advisor EQT
Partners. The remaining 19% will be owned by Investor AB.
About the Board Members
Dr Josef Ackermann is Chairman of the Board of Zurich Insurance Group. He
is also Vice-chairman of the Board of Directors of Belenos Clean Power and
the World Economic Forum Foundation Board. In addition, he is the Second
Deputy Chairman of the Supervisory Board of Siemens, Director of Royal
Dutch Shell, Investor AB, International Advisory Board of the National Bank
of Kuwait, Akbank and The China Banking Regulatory Commission. Previously,
Josef Ackermann was CEO of Deutsche Bank.
Finn Rausing is member of the Tetra Laval Group Board and Chairman of the
Audit Committee of the Tetra Laval Group. He is also Board member of Alfa
Laval AB, DeLaval Holding AB, Swede Ship Marine AB and Nordkap Holding AG.
Marcus Wallenberg is Chairman of the SEB, Saab, Electrolux and LKAB boards.
He is also Director of AstraZeneca, Stora Enso, Investor AB, Temasek
Holding and the Knut and Alice Wallenberg Foundation. Previously, Marcus
Wallenberg was CEO of Investor AB and Chairman of the International Chamber
of Commerce.
LeifÖstling is Chairman of SKF. He is also member of the Board of
Management of Volkswagen AG and Vice-chairman of the Board of Scania. LeifÖstling was previously CEO of Scania and Vice-chairman of the Board ISS
A/S, an EQT portfolio company.
Conni Jonsson (Chairman) is CEO and Managing Partner of EQT. He was part of
the team that founded EQT Partners AB in 1994 and has been Managing Partner
since start.
Contacts: Johan Hähnel, Communications&PR, +46 8 506 55 334
Facts about EQT
EQT is the leading private equity group in Northern Europe with
approximately EUR 20 billion in raised capital, portfolio companies with
total sales of more than EUR 25 billion and over 550,000 employees. The
funds' investment philosophy is to help acquired companies grow and develop
into great and sustainable companies, both under EQT's ownership and with
future owners. The result so far: the over 60 previously or currently owned
portfolio companies have during EQT's ownership seen an average annual
increase in the number of employees by 11%, sales by 11% and earnings by
15%. Almost all of the return on investments is attributed to operational
improvements such as increased sales and efficiency gains.
EQT supports a growth oriented business strategy, which has its roots in
the Nordic culture, and a transparent governance model, combined with
access to EQT's unique international network of industrialists. By
implementing clear strategies and having access to operational expertise
and ownership skills, the portfolio companies develop and grow. The
strategies and implementation of operational excellence are driven by the
appointed CEO and management team, board members who are handpicked from
EQT's Industrial Network. Portfolio companies are monitored by more than
120 Investment Advisory Professionals from EQT Partners. EQT's funds
represent the investment of hundreds of investors from all parts of the
world.
Funds launched since the beginning of 2012 are managed in the Netherlands,
the UK and Luxembourg. EQT Holdings AB, based in Stockholm, Sweden is the
parent company of these general partners/fund managers. This means that EQT
applies a corporate structure with transparency for all stakeholders,
unique in the private equity industry.
EQT's mission since its first investment two decades ago remains the same -
create value in medium-sized to large companies in Northern and Eastern
Europe, Asia and the United States by investing, helping them to develop
and transform into great, leading companies.
Ende der Finanznachricht
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02.07.2013 Veröffentlichung einer Corporate News/Finanznachricht,übermittelt durch die DGAP - ein Unternehmen der EQS Group AG.
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Datum: 02.07.2013 - 09:31 Uhr
Sprache: Deutsch
News-ID 901692
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