Former GMAC CFO Joins Providence Equity Partners

Robert Hull has agreed to join Providence Equity Partners as chief financial officer. He will succeed Raymond Mathieu, who will become a managing director focused on special projects. Hull most recently was CFO of GMAC, and before that was with Bank of America as CFO of the firm’s global wealth and investment management business.

PRESS RELEASE

Providence Equity Partners, the leading global private equity investment firm specializing in media, entertainment, communications and information companies, announced today that Robert S. Hull will join the firm as Chief Financial Officer in early April based in the firm’s Providence office. He succeeds Raymond Mathieu, who will become a Managing Director focused on special projects for the firm.

Hull, 46, will join Providence from GMAC where he serves as Executive Vice President and Chief Financial Officer since 2007. He was a member of GMAC’s Executive Committee and served briefly on GMAC’s Board of Directors. Hull helped GMAC become a Bank Holding Company in late 2008 and worked closely with the U.S. Treasury and the Federal Reserve to complete multiple equity transactions in 2009 including adding Chrysler as a business partner in May 2009. Previously he held a series of finance positions at Bank of America from 2001 to 2007, most recently as Chief Financial Officer of the company’s Global Wealth and Investment Management business.

“We are delighted to welcome Rob Hull to Providence,” said Jonathan Nelson, Chief Executive Officer of Providence. “Rob brings an exceptional track record of serving as CFO at large and complex financial institutions, as well as public and private companies in a variety of industries. His experience and expertise will be invaluable as we continue to grow Providence in the years ahead. Ray has helped lead Providence and played an important role in supporting the investment activities through more than two decades of growth. We appreciate all his contributions, and we are pleased that he will remain at Providence in a new capacity.”

“Providence is one of the critical players in the U.S. and global private equity market, and I look forward to working with Jonathan and the entire Providence team,” said Hull.

Prior to serving as Bank of America’s CFO of global wealth and investment management and principal investing divisions, Hull had been CFO of Card Services and eCommerce, as well as Senior Vice President, Strategy and Financial Planning. Prior to joining Bank of America in 2001, Hull held the CFO position at companies including Investorforce Holdings, Inc., Marvel Enterprises, Inc., and Wise Foods Holdings, Inc.
Hull earned a B.A. degree from the University of Virginia and an M.B.A. from Harvard Business School.

About Providence Equity Partners

Providence Equity Partners is the leading global private equity firm specializing in equity investments in media, entertainment, communications and information services companies around the world. The principals of Providence manage funds with over $22 billion in equity commitments and have invested in more than 100 companies operating in over 20 countries since the firm’s inception in 1989. Significant existing and prior investments include Archipelago Learning, Bresnan Broadband Holdings, Casema, Com Hem, Digiturk, Education Management Corporation, eircom, Hulu, Idea Cellular, Kabel Deutschland, NexTag, Ono, PanAmSat, ProSiebenSat.1, Recoletos, TDC, Univision, VoiceStream Wireless, Warner Music Group,
Western Wireless and Yankees Entertainment & Sports Network. Providence is headquartered in Providence, RI (USA) and has offices in New York, London, Los Angeles, Hong Kong and New Delhi. Visit www.provequity.com for more information.

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