Partners Group, the global private markets investment manager, has announced changes and nominations to the composition of its Board of Directors and related committees, which will be proposed at the next Annual General Meeting of shareholders on 13 May 2020.
Lisa A. Hook will be nominated for election as a new independent member of the board and as a member of the Risk & Audit Committee, the Nomination & Compensation Committee, and the Investment Oversight Committee. Hook would bring to the board a wealth of experience derived from her strong track record of business-building as a C-level leader in technology and telecom companies, as well as from her senior role in a private markets investment firm. Next to her committee assignments at Partners Group, she would contribute to strategic Board-level initiatives, with a focus on entrepreneurial governance for the benefit of the firm's portfolio companies, especially in the US.
Steffen Meister, executive chairman of the Board of Directors, commented: "Hook's track record of building corporate leaders and of strategic board involvement would bring a highly valuable and complementary perspective to board governance across our portfolio companies."
Separately, two current independent board members will retire from the board, effective 13 May 2020. Patrick Ward, UK and Middle East chairman, retires after seven years as an independent Board member; he is expected to become a senior advisor to the firm, with a focus on corporate development in the UK and client relationships in the UK and Middle East. Michelle Felman departs after four years as an independent board member; she is also expected to become a senior advisor to Partners Group in conjunction with the firm's real estate business development activities.