Major to Chair Private Equity House: John Major Turns From P
Posted: Wed Nov 08, 2017 5:37 amMajor to Chair Private Equity House: John Major Turns From Politics to Business
by BBC News
May 13, 2001
NOTICE: THIS WORK MAY BE PROTECTED BY COPYRIGHT
John Major is set to become the European chairman of the US private equity group, The Carlyle Group.
The appointment will be Mr. Major's most high-profile move since announcing his decision last year to stand down as a Conservative MP at the general election.
Carlyle is one of the largest US private equity firms and managed more than $12bn in assets at the end of last year.
Mr. Major has been on Carlyle's advisory panel for two years. His appointment as chairman of Carlyle's European operations is expected to be announced on Monday.
"Carlyle's strong commitment to Europe, its global reputation and its unquestioned integrity were all factors in my decision to take on this new role," Mr. Major told the Sunday Business newspaper.
Chris Finn, a senior executive at Carlyle in London said that firm was attracted to Mr. Major's "knowledge of markets, people and the workings of government".
Carlyle also hopes that Mr. Major, who will work part time, will help the company extend its influence in Europe.
Top-Ranking Advisers
Carlyle has secured a number of top-ranking figures to work with it.
Last month it announced that Arthur Levitt, the former chairman of the Securities and Exchange Commission, will act as senior adviser to the company.
The buy-out house, based in Washington, also has James Baker, the former US secretary of state on its board.
Carlyle's European private equity funds are invested in management buyouts, venture capital and real estate.
Mr. Major also serves as a non-executive on the board of the UK engineering group Mayflower Corporation and Emerson Electric of the US.
His remuneration package at Carlyle has not been disclosed.
by BBC News
May 13, 2001
NOTICE: THIS WORK MAY BE PROTECTED BY COPYRIGHT
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John Major is set to become the European chairman of the US private equity group, The Carlyle Group.
The appointment will be Mr. Major's most high-profile move since announcing his decision last year to stand down as a Conservative MP at the general election.
Carlyle is one of the largest US private equity firms and managed more than $12bn in assets at the end of last year.
Mr. Major has been on Carlyle's advisory panel for two years. His appointment as chairman of Carlyle's European operations is expected to be announced on Monday.
"Carlyle's strong commitment to Europe, its global reputation and its unquestioned integrity were all factors in my decision to take on this new role," Mr. Major told the Sunday Business newspaper.
Chris Finn, a senior executive at Carlyle in London said that firm was attracted to Mr. Major's "knowledge of markets, people and the workings of government".
Carlyle also hopes that Mr. Major, who will work part time, will help the company extend its influence in Europe.
Top-Ranking Advisers
Carlyle has secured a number of top-ranking figures to work with it.
Last month it announced that Arthur Levitt, the former chairman of the Securities and Exchange Commission, will act as senior adviser to the company.
The buy-out house, based in Washington, also has James Baker, the former US secretary of state on its board.
Carlyle's European private equity funds are invested in management buyouts, venture capital and real estate.
Mr. Major also serves as a non-executive on the board of the UK engineering group Mayflower Corporation and Emerson Electric of the US.
His remuneration package at Carlyle has not been disclosed.