14 May 2004
Philip Yea appointed Chief Executive of 3i Group plc
- Financial
3i Group plc is pleased to announce the appointment of Philip Yea as Chief Executive. He will succeed Brian Larcombe who is stepping down at the Annual General Meeting on 7 July 2004.
Mr Yea is currently a managing director at Investcorp, within its private equity business. He will take up the Chief Executive position soon after the 3i AGM in July on completion of various projects at Investcorp.
Baroness Hogg, Chairman of 3i, commented:
"We are delighted to have attracted such a high calibre candidate to the job. Philip has an exceptional breadth of experience across industry, the City and private equity. 3i is a highly focused business with clear competitive advantage and Philip''s experience of major international businesses is a natural fit."
Philip Yea commented:
"To be offered the CEO role in the premier quoted private equity and venture capital business is a great opportunity. 3i is a company I have long admired, it has huge potential to grow and as yesterday''s results showed, a strong platform from which to do so."
For further information, please contact:
| Patrick Dunne, Group Communications Director | Tel: 020 7975 3283 | |
| Philip Gawith, The Maitland Consultancy | Tel: 020 7379 5151 | |
