World News: 06:30 GMT Wednesday 11th September 2019. [WENDEL via Globe Newswire via SPi World News]
David Darmon, Managing Director and CEO of Wendel North America, will join Wendel’s Executive Board as Group Deputy CEO, working alongside André Francois-Poncet, Group CEO.
He will remain based in New York initially.
André François-Poncet said: “I am very happy to partner with David on Wendel’s Executive Board. David has demonstrated leadership qualities and his investment track record at the Firm is excellent. David played a key role in Wendel’s international expansion with the opening of the New York office. He hired a very talented team contributing to the Wendel’s success in North America. Working closely with our colleagues, we intend to add high quality companies to Wendel’s portfolio and to support and grow existing investments.”
David Darmon said: “I am honored to be joining the Executive Board of an investment company of such quality and stature as Wendel, which I know quite well. In the past 14 years, I have been lucky to work with very experienced teams and contribute to our group’s strong international growth. I sincerely thank the Supervisory Board for their vote of confidence and am delighted to team up with André Francois-Poncet on the Executive Board.”
Wendel also announces the following senior appointments:
David Darmon joined Wendel in 2005 and has managed numerous investments for the Group over the past 14 years. He participated in the investment and oversight of companies such as Allied Barton (now Allied Universal), CSP Technologies, Deutsch, and Stallergenes. David also initiated several investments in the technology sector.
David opened Wendel’s New York office (Wendel North America) which he has managed since 2013. Since then, Wendel has invested approximately $1bn in the United States over the past five years. David previously served as Wendel’s corporate Secretary to the Supervisory Board.
Before joining Wendel, David was a Director of Apax Partners in Paris, where he specialized in LBO transactions for six years. He began his career in M&A at Goldman Sachs in London.
He is a graduate of Essec and holds an MBA from Insead.
Currently, David is a Director and a governance committee member at Allied Universal, the largest security group in North America.
Globe Newswire: 06:30 GMT Wednesday 11th September 2019
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