Thomas H. Lee Partners has announced that Scott Schoen has stepped down as Vice Chairman of the firm, effective earlier this month. Mr. Schoen will remain a Senior Advisor to the firm. “It has been a privilege to work with my colleagues at THL, our portfolio companies and our limited partners over the last 26 years. I am proud of the franchise we have built, and I am confident that the firm will realize even greater success in the future,” said Mr. Schoen.
Mr. Schoen joined THL in 1986, served as Co-President of the firm from 2003 through 2009, and as Vice Chairman since then. Mr. Schoen will continue to serve as a board member of Acosta, Inc. and Nielsen Holdings N.V., both current portfolio companies of THL.
“My partners and I thank Scott for his many years of service and for his friendship. We will continue to look to Scott as a friend and trusted advisor,” said Anthony DiNovi, Co-President of THL.
Thomas H. Lee, founded in 1974, is one of the oldest private equity investment firms in the United States. Industries of interest include Business and Information Services; Consumer Products/Retail; Financial Services; Health Care; Industrial; and Media/Communications. Since its founding, THL has raised approximately $20 billion of equity capital and invested in more than 100 businesses with an aggregate purchase price of more than $150 billion. The firm is
ased in Boston, MA (www.thl.com).