Foster + Partners is delighted to announce the appointment of Lord Browne of Madingley to the board as senior non-executive director. Lord Browne will chair various committees and will have an input into the strategic direction of the company.
Lord Browne will join founder and chairman Lord Foster, chief executive Mouzhan Majidi and other senior executives on the board as well as Steven Nicholls, head of UK Growth Capital at 3i, the private equity company which has recently invested in Foster + Partners.
Lord Foster, Chairman of Foster + Partners said:
I have known John for many years and it is a great pleasure to welcome him to the board of Foster + Partners. He brings extraordinary and unequalled expertise in business combined with knowledge and passion for the arts, and we are enormously pleased that he has agreed to share his invaluable experience with us."
Mouzhan Majidi, Chief Executive of Foster + Partners said:
Lord Brownes depth of knowledge will be of huge benefit to the shaping of the strategic direction of the practice. The future of Foster + Partners is guaranteed to be very exciting and we look forward to long term growth and stability.
Lord Browne said:
"I have long admired both the work of Norman and the business excellence of Foster + Partners - both of which are respected throughout the world. The investment by 3i in the business heralded a new and exciting chapter of growth and I am delighted to join the board at this pivotal moment for the company."
Notes to Editors
Foster + Partners
Foster + Partners was founded in 1967 by Norman Foster and now has over 1,000 highly talented staff in its 18 offices around the world with its main studio in London. The practice has established an international reputation with buildings such as Swiss Res London Headquarters, Hearst Headquarters in New York, Millau Viaduct in France, the Reichstag, Berlin and the soon to be completed Beijing Airport.
In May 2007 Foster + Partners announced plans to expand the practice worldwide. The plan includes broadening the ownership of the company and bringing in its first external investor, 3i, a recognised global leader in private equity, who has a minority share in Foster + Partners
For further information:
T: 020 7404 5959