– UK, London – 3i Group plc (LON: III) today announced that David Hutchison, currently Senior Independent Director and Chairman of 3i’s Valuations Committee, will become non-executive Chairman of the Board following the announcement of the half-year results expected on 11 November 2021.
The company also announced the appointment of Lesley Knox to its Board as a non-executive Director with effect from 1 October 2021.
David Hutchison said: “It will be a great privilege to become Chairman of 3i and I look forward to helping continue the growth and success achieved during Simon Thompson’s chairmanship.”
Simon Borrows said “I am grateful to Simon for his leadership of the 3i Board, particularly through the COVID-19 pandemic. I look forward to working closely with David who has a deep knowledge of 3i, its portfolio, and its culture. I am also pleased that Lesley Knox has been appointed to the Board. Together with the executive team, the Board is well placed to drive 3i’s continued success.”
About Lesley Knox
Lesley brings a wealth of international, strategic, and financial services experience having spent over 18 years in senior roles in financial services, including with Kleinwort Benson and the Bank of Scotland. Lesley previously served as Chair of Alliance Trust PLC, as Senior Independent Director at Hays plc, and non-executive director of SAB Miller plc, Centrica plc, and Thomas Cook Group plc. Her current other appointments are Legal & General Group plc (Non-executive director); Dovecot Studios Limited (Non-executive Director); Genus Plc (Senior Independent Non-Executive Director and Chair of Remuneration Committee); Grosvenor Group Limited pension fund (Trustee); National Galleries of Scotland Foundation (Trustee).
Lesley Knox said: “I am very pleased to be joining 3i’s Board. 3i has a strong institutional franchise as well as a strong management team. Its conservative balance sheet strategy and the strength of its portfolio means it is well placed to continue to generate value for its shareholders.”
For more information: https://www.3i.com/
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