Thomas H. Lee Partners L.P. has announced that Scott Schoen has stepped down as vice chairman of the firm. Schoen will remain a senior advisor to the firm. Schoen joined THL in 1986, served as co-president of the firm from 2003 through 2009, and as vice chairman since then.
Thomas H. Lee Partners, L.P. (“THL”), a leading private equity firm, announced today that Scott A. Schoen has stepped down as Vice Chairman of the firm, effective earlier this month. Mr. Schoen will remain a Senior Advisor to the firm.
Mr. Schoen joined THL in 1986, served as Co-President of the firm from 2003 through 2009, and as Vice Chairman since then. Mr. Schoen will continue to serve as a board member of Acosta, Inc. and Nielsen Holdings N.V., both current portfolio companies of THL.
Mr. Schoen commented, “It has been a privilege to work with my colleagues at THL, our portfolio companies and our limited partners over the last 26 years. I am proud of the franchise we have built, and I am confident that the firm will realize even greater success in the future.”
Anthony J. DiNovi, Co-President of THL, said, “My partners and I thank Scott for his many years of service and for his friendship. We will continue to look to Scott as a friend and trusted advisor.”
About Thomas H. Lee Partners
Thomas H. Lee Partners, L.P. (“THL”) is one of the world’s oldest and most experienced private equity firms. The firm invests in growth-oriented global businesses, headquartered principally in North America, within three broad sectors: Consumer & Healthcare, Media & Information Services and Business & Financial Services. THL’s team of investment and operating professionals partner with its portfolio company management teams to identify and implement business model improvements that accelerate sustainable revenue and profit growth. Since its founding in 1974, THL has raised approximately $20 billion of equity capital and invested in more than 100 businesses with an aggregate purchase price of more than $150 billion. The firm seeks to build companies of lasting value while generating superior returns for its investors and operating partners.