Candover - Report and accounts 2007

• Overview
  • About Candover
  • Funds and investments
  • Candover across Europe
  • Chairman’s statement
  • Corporate responsibility
• Business Review
  • Operational review
  • New investments in 2007
  • Financial review
  • 20 largest investments
  • Valuation policy
  • Board of directors
  • Report of the directors
  • Corporate governance
  • Directors remuneration report
• Financial statements and notes
  • Auditors report
  • Accounts and notes
  • Shareholder information
  • Advisors

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Board of directors

Candover Investments plc Board

Gerry Grimstone, Non-executive Chairman

Gerry Grimstone was appointed to the Candover Board in July 1999. He became Deputy Chairman in May 2004 and Chairman in May 2006. Formerly an Assistant Secretary at HM Treasury, he latterly held a number of senior appointments in the Schroders group, including Vice Chairman of worldwide investment banking activities. He is Chairman of Standard Life PLC. Since May 2007 he has ceased to be a non-executive director of Dary Crest Group plc and RAF Strike Command and Chairman of F&C Global Smaller Companies plc. Gerry Grimstone is 58.
Member of the remuneration committee
Member of the nominations committee

Antony Hichens MBA, Non-executive

Antony Hichens joined the Board of Candover in December 1989 and was Deputy Chairman from January 1991 to May 2004. He is Chairman of the nominations committee. He is a non-executive director of JPMorgan Income & Capital Trust plc and WaterRower Holdings Limited and is a member of the Takeover Panel. He has previously been a Managing Director and Chief Financial Officer of Consolidated Gold Fields and a Chairman of a number of public companies including Lasmo plc, Caradon plc and DS Smith plc. Antony Hichens is 71.
Member of the audit committee
Member of the remuneration committee
Member of the nominations committee

Lord Jay of Ewelme GCMG, Non-executive

Lord Jay joined the Candover Board in January 2008. He was formerly the Permanent Under-Secretary at the Foreign Office and Head of the Diplomatic Service, having previously served as British Ambassador to France. He is a non-executive director of Associated British Foods plc, Credit Agricole SA and Valeo SA and Chairman of the international aid agency Merlin, a registered charity. Lord Jay is 61.
Member of the audit committee
Member of the remuneration committee

Chris Russell FSIP FCA, Non-executive

Chris Russell was appointed to the Candover Board in May 2004 and is Chairman of the audit committee. He is Chairman of F&C Event Driven Limited and an associate of GaveKal Research. He is a non-executive director of Investec High Income Trust plc, the Korea Fund Inc, Enhanced Index Funds plc, LIM Japan Fund, British Airways Pension Investment Management Ltd and JPMorgan Fleming Japanese Smaller Companies Investment Trust plc. He was formerly a director and Head of Overseas Businesses at Gartmore Investment Management plc. Prior to Gartmore, he was a Holding Board director of the Jardine Fleming Group in Asia. Chris Russell is 59.
Member of the audit committee
Member of the remuneration committee

Richard Stone FCA, Non-executive

Richard Stone was appointed to the Candover Board in May 2005 and is Chairman of the remuneration committee. Until 1998 he was Deputy Chairman of Coopers & Lybrand and Chairman of the firm’s European Corporate Finance activities. From 1998 to 2000, he served as a member of the global board of PricewaterhouseCoopers LLP. He is Chairman of Drambuie Limited and a non-executive director of Halma plc, Trustco Finance plc, TR Property Investment Trust PLC and Gartmore Global Trust plc. Richard Stone is 65.
Member of the audit committee
Member of the remuneration committee
Member of the nominations committee

Jimmy West FCA MSI, Non-executive

Jimmy West was appointed to the Candover Board in December 1985 and is the Senior Independent Director. A former Managing Director of Lazard Brothers and Chief Executive of Lazard Investors, he was previously Managing Director of Globe Investment Trust Plc. He is Chairman of Gartmore Fledgling Trust plc, New City High Yield Fund Ltd, Jupiter Second Enhanced Income Trust plc and Rurelec plc and a non-executive director of JPMorgan Income & Capital Trust plc, British Assets Trust plc, GNE Group plc, UK Select Fund Limited, IPSA Group plc and various unquoted companies. Jimmy West is 60. He will be retiring at the AGM on 14th May, 2008.
Member of the audit committee
Member of the remuneration committee
Member of the nominations committee

Senior management

Colin Buffin ACA

Colin Buffin is a Managing Director of Candover Partners Limited, the manager of various investment funds and Managing Director of Candover Services Limited, the principal operating company in the Candover Group. He joined Candover in September 1985 from Deloitte Haskins & Sells, where he worked in the investigations and corporate finance departments after qualifying as a chartered accountant. Colin Buffin is 50.

Marek Gumienny ACA

Marek Gumienny is a Managing Director of Candover Partners Limited, the manager of various investment funds and Managing Director of Candover Services Limited, the principal operating company in the Candover Group. Prior to joining Candover in January 1987, he qualified as a chartered accountant with Price Waterhouse. Marek Gumienny is 49.

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