3i chief Michael Queen resigns

Queen has worked for almost 25 years at 3i, spending his last three as head of the company.

"It has been a privilege to lead such an outstanding organisation as 3i. I am pleased that after a difficult period 3i is now well placed to achieve its full potential," commented Queen. "Having restored 3i's financial strength the time is right for me to seek a new challenge and for 3i to appoint a new leader to build on this position."

He will now seek a senior executive role outside of private equity, and hinted that he would welcome a position within the public sector.

Queen had been 3i's finance director for eight years until 2005, after which he was managing partner at the group's infrastructure business, based in London. He joined the firm in 1987 and was chairman of the British Venture Capital Association in 2002-2003.

Last month, 3i appointed two Chinese business leaders and one academic to its newly formed advisory board for China. The new recruits are Frank Ning, chairman of food conglomerate COFCO, Dr Bing Xiang, founding dean of Cheung Kong Graduate School of Business, and Michael Wu, CEO of Tradelink Electronic Commerce and a former deputy chairman of the Shanghai Stock Exchange.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• People
• Europe
• China
• 3i Asia Pacific