Ad hoc announcements pursuant to Art. 53 Listing Rules (LR)
Partners Group announces changes to the composition of its Board of Directors
Baar-Zug, Switzerland; 4 March 2021
Partners Group, the leading global private markets firm, today announces several changes and nominations regarding the composition of its Board of Directors (the "Board") and related committees, which will be proposed at the next Annual General Meeting of shareholders ("AGM") on 12 May 2021.
The Board has nominated Joseph P. Landy for election as a new independent member of the Board. Mr. Landy, the former Co-Chief Executive Officer of Warburg Pincus, has been involved in the private equity industry since 1985. During his 20-year tenure as Co-CEO at Warburg Pincus, Mr. Landy was jointly responsible for the management of the firm, including the formulation of strategy, oversight of investment policy and decisions, leadership of the firm's Executive Management Group and the coordination of limited partner communications. Mr. Landy's principal areas of investment focus were information technology, internet applications and infrastructure, communications applications and structured investments.
Steffen Meister, Executive Chairman of the Board, Partners Group, states: "We are delighted to welcome Joe to our Board. As one of the most highly respected senior authorities within the US private equity industry, Joe brings with him an impressive track record of private markets leadership. We look forward to collaborating with him on the further expansion of our transformational investing and bespoke client solutions platform in the coming years."
Joseph P. Landy comments: "I admire Partners Group's entrepreneurial approach to private markets investing and ownership of assets, as well as its market-leading investment performance, and I am excited to join the Board of this highly successful firm. I look forward to supporting the realization of Partners Group's true growth potential outside of European markets together with my Board colleagues and the senior management team."
Additionally, Dr. Eric Strutz, currently Vice Chairman, Lead Independent Director and Chairman of the Risk & Audit Committee, will retire from the Board as of 12 May 2021, after reaching Partners Group's maximum term for Independent Board Members of ten years. Following his retirement from Partners Group's Board, Dr. Strutz will remain a member of the firm's Operating Director network and will continue his Board assignments at Partners Group's portfolio companies Global Blue and Techem.
Steffen Meister, Chairman of the Board of Directors, comments: "On behalf of the entire Board, I would like to thank Eric for his substantial contribution to Partners Group's entrepreneurial governance. As Chairman of the Risk & Audit Committee, Eric oversaw a risk governance framework that enabled the Partners Group Board to focus on action-oriented, strategic decision-making with appropriate attention to risk."
Dr. Eric Strutz, Vice Chairman of the Board of Directors, adds: "It has been a highly rewarding experience to serve on Partners Group's Board over the past ten years and contribute to the firm's advancement. I am pleased to remain engaged with this great company and to bring the same entrepreneurial focus to the firm's portfolio companies through my continuing mandate as an Operating Director."
Following Dr. Strutz's departure, the Board proposes to appoint Independent Board Member Dr. Martin Strobel as Vice Chairman of the Board, Lead Independent Director of the Board and Chairman of the Risk & Audit Committee. Dr. Strobel will remain a member of the Nomination & Compensation and Strategy Committees, subject to his re-election at the AGM.