European buyout investor Arle Capital has appointed Sir George Buckley as chairman with effect from 1 June 2012. Since 2005, Sir George has been chairman, president and CEO of 3M, a global technology company whose portfolio of brands includes Scotch Tape, Scotchgard and Post-It Notes. Arle was formed in April 2011 following a buyout of Candover Partners.
Arle Capital LLP (“Arle”) today announces the appointment of Sir George Buckley as Chairman of the Partnership with effect from 1 June 2012.
Sir George brings with him over 40 years of experience from some of the world’s most pre-eminent companies. Since 2005, he has been Chairman, President and CEO of 3M, the Dow Jones 30 Industrial Index global technology company whose portfolio of iconic brands includes Scotch Tape, Scotchgard and Post-It Notes. Prior to that, he was Chairman and CEO of Brunswick Corporation in the US, a market leader in recreational products for the fitness, marine, bowling and billiard industries.
As Chairman of Arle, Sir George will join senior industrialists on Arle’s Operational Review Board which meets quarterly to review, challenge and debate the performance and strategies of the firm’s 12 portfolio companies. Sir George will also play an integral part in delivering Arle’s investment strategy and will contribute to deal origination through his extensive network of contacts and broad experience within Arle’s core sectors of energy, industrials and services.
Given Sir George’s many decades of global industrial experience, the Arle team and portfolio companies will benefit greatly from his wisdom, leadership skills and passion for innovation and growth.
Commenting on the appointment, John Arney, Managing Partner of Arle said:
“Sir George’s imminent arrival marks an important step forward for Arle as we finalise the composition of our team; a unique blend of successful investment executives and global business leaders. We are delighted that Sir George is joining us and look forward to welcoming him into the Arle partnership.
I had the pleasure of working with Sir George on the board of Thule between 2004 and 2007 and know him to be both a savvy allocator of capital and a highly experienced and innovative industrialist. These attributes will be of enormous benefit as Arle executes on its investment and Active Ownership strategies”.
Sir George Buckley added:
“I am genuinely excited to be joining Arle at the start of what promises to be a fascinating new journey. Arle’s investment approach with a clear geographic and sector focus, along with its collaborative and active approach to managing its portfolio, all play to my strengths. I really look forward to working with the team to make Arle an enduring success”.
For further information please contact: Arle Capital Partners
John Arney/Julie Foster: +44 (0) 20 7895 2754 or email@example.com Vetch Mahne
Lindsay Vetch/Christian Mahne: +44 (0) 20 3488 3100 or firstname.lastname@example.org Photographs and multimedia story elements are available on request –
soundbites and edited interview with Sir George Buckley and John Arney
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Further background information on Sir George Buckley
In addition to his new role as Chairman of Arle, Sir George will continue to serve as Non- Executive Director of Archer Daniel Midland Co. and Stanley Black & Decker.
Sir George Buckley is currently Chairman, President and CEO of 3M but retires this month as President and CEO to oversee an orderly transition to his successor, Mr Inge Thulin. He will then step down as Executive Chairman of 3M at the Annual Shareholder Meeting in May 2012.
Between 2000 and 2005, Sir George was Chairman and CEO of Brunswick Corporation, a global manufacturer and marketer of recreation products and the largest recreational boat manufacturer in the world. Before that, he was President of Mercury Marine (a division of Brunswick) and President of Emerson’s US Electrical Motors Division. Former directorships also included positions at Tyco International and Ingersoll-Rand.
Arle Capital Partners Limited
Arle is a private equity partnership formed in April 2011 following a buyout of Candover Partners. Arle focuses on businesses in the energy, industrial and services sectors typically
based within the North Sea Rim but with operations that extend beyond these markets. North Sea Rim comprises the UK, The Nordics, Benelux and German speaking Europe.
Arle’s portfolio currently comprises 12 European-headquartered businesses with an aggregate enterprise value of approx €10 billion. Arle’s approach is to work closely with management teams, actively managing its portfolio of companies to help drive growth and long term value for its Limited Partners.
ARLE CAPITAL PARTNERS LIMITED