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LONDON - 3i (LON:III) Group plc, a leading international investment manager, announced today the appointment of Hemant Patel as a non-executive director, effective immediately. Patel, who currently serves as Chief Financial Officer of Whitbread (LON:WTB) PLC, brings extensive experience in finance and commercial roles from his tenure at notable companies such as Greene King, Asda, and Mars.
Patel’s previous non-executive roles include Audit Chair at the Department of Digital, Culture, Media and Sport and board member of the Cultural Recovery Fund. His contributions to museums and heritage were recognized with an MBE in the 2020 birthday honours list. Patel is also a Chartered Management Accountant, which adds to his qualifications for the role at 3i Group.
David Hutchison, Chairman of 3i, expressed confidence in Patel’s appointment, citing his "good and relevant financial and commercial experience" as a valuable asset to the Board. Patel himself remarked on the company’s "high-quality portfolio" and its position to deliver resilience and superior shareholder returns through various economic cycles.
The announcement complies with the UKLA’s Listing Rules, with Patel confirming that there are no additional matters requiring disclosure. This appointment is part of 3i’s ongoing strategy to strengthen its governance and leadership with skilled professionals who can contribute to the company’s focus on mid-market private equity and infrastructure in northern Europe and North America.
The information about Patel’s appointment is based on a press release statement provided by 3i Group.
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