3i Group PLC Directorate Change
RNS Number : 4462N
3i Group PLC
30 September 2021
3i Group plc
Chairman and Non-executive Director Appointments
Following the Company's announcement on 13 May 2021 that Simon
Thompson would not seek re-election as Chairman of the Board at the
Company's 2022 AGM, 3i Group plc is pleased to announce 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 Company's half-year
results, which is expected to take place on 11 November 2021.
The selection process was conducted by a sub-committee of the
Nominations Committee (which excluded Mr Thompson and Mr Hutchison)
and included consideration of both internal and external
candidates. The sub-committee was assisted by Russell Reynolds
3i Group plc is also pleased to announce the appointment of
Lesley Knox as a non-executive Director of the Company with effect
from 1 October 2021.
Simon Thompson, 3i Chairman, said: "During my time as Chairman,
the 3i team under Simon Borrows' leadership has significantly
strengthened ESG management while achieving total shareholder
returns of 19% per annum, despite the headwinds of COVID-19. David
has been an outstanding Senior Independent Director and I wish him
every success as he takes over as Chairman. I would also like to
welcome Lesley Knox, who brings a wealth of international,
strategic and financial services experience to the Board."
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."
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."
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
For further information, contact:
Kathryn van der Kroft 020 7975 3021
Silvia Santoro 020 7975 3258
Investor Relations Director
Notes to Editors
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
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