euro adhoc: Fortune Management Inc.
Board of Directors (Appointments and
Changes)
Sanford G. Henry joins Fortune's Board of Directors
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
04.01.2008
Ad-hoc-Message
according to §15 WpHGSanford G. Henry joins Fortune's Board of Directors
Zug/Switzerland, January 4 2008 - FORTUNE Management Inc. (General Standard, ISIN USU026281027; SIN: A0BLYY) informs that Mr. Sanford G. Henry has joined its Board of Directors as a member.
Sanford G. Henry (64) lives in London and has been involved in Private Equity, Corporate Finance and International Fund investments for over thirty years in Europe, United States, Middle East, Africa and the Far East. He is a Member of the Securities & Investment Institute (SII) and the Financial Services Authority (FSA), both London. Currently, he is a Director of Asset Solutions and Medical Ventures, a partner in Dr. Schwarz-Schilling & Partners, the consulting company of the former German Post-Minister Dr. Christian Schwarz- Schilling, a senior advisor to Allegro Capital, Russia and Ukraine Partners, Bosphorus International and to various Fund Managers.
Previously, he was a founder and Managing Director of various Private Equity Funds, such as The Lazard Medical Fund and two emerging market funds, one for the US Government in Hungary and for Lazard (Poland). Before that, he had a distinguished career in large corporations like U.S. Leasing, Ford Motor Company, Groupe Express and Holiday Inns International. He has been an advisor to the US Government, the Imperial College and is a member of the Royal Institute of International Affairs.
Sanford G. Henry lived and worked in the USA, Germany, Switzerland, France and Belgium. He was educated in the US, Switzerland and Germany and speaks English, German and French.
(End of ad hoc release) Paul Bagley, Chairman of Fortune, comments: "Over the past 20 years, both Les Brun at Hamilton Lane and I at Lehman Brothers crossed path with Sanford and we were very pleased when he appeared on our radar screen for Independent Directors. The experience and truly global network that he was able to gather over his long and distinguished career will be of great benefit to Fortune. I expect him to be a valuable contributor to Fortune's strategy in becoming a niche private equity boutique whilst putting his broad Corporate Governance experience to work." Sanford G. Henry: "I always admired Paul Bagley's and Les Bruns' excellence and achievements in the Private Equity and Fund business. Hence I gladly accepted the opportunity to assist Fortune in the expansion and execution of its Private Equity strategy that was coincidently presented to me by certain mutual partners in the Middle East. It will be a great pleasure for me to be of help to build up the Private Equity business of Fortune Management as well as support the activities of the Fortune Wealth Management Group."
Profile of FORTUNE Management Inc.: FORTUNE Management Inc., Zug/Switzerland, is a publicly listed private equity firm. Its two business divisions are Private Equity Management and Principal Investments. Private Equity Management achieves consistent revenues from the management of specialized funds, whereas Principal Investments comprises direct investments (e.g. in bio-diesel manufacturer GATE or in the Swiss asset managers FORTUNE Wealth Management Group AG) with a view to capital gains. FORTUNE Management Inc. has subsidiaries in Zug, Zurich, Geneva, Luxemburg, Rotterdam, Würzburg, Vienna and the Bahamas, as well as a branch in Dubai. The company's shares (ISIN: USU 026281027) are listed in the General Standard segment of Frankfurt Stock Exchange (symbol: FMI1) and on the DIFX in Dubai.
Contact: FORTUNE Management Inc. Thomas Luber Phone +49 69 9441 8069 IR@fortune-management.com Bahnhofstrasse 10 P.O. Box 324 CH-6301 Zug
end of announcement euro adhoc
Further inquiry note:
Thomas Luber
NewMark Finanzkommunikation
+49 69 9441 8069
Branche: Financial & Business Services
ISIN: USU026281027
WKN: A0BLYY
Börsen: Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Frankfurt / regulated dealing/general standard