Warburg Pincus has named Mark Begor as a Managing Director in the firm’s industrial and business services group. Mr. Begor will be responsible for creating operating improvements at portfolio companies and identifying and evaluating new investment opportunities.
“Mark is an excellent addition to the firm’s industrial and business services team and broader Warburg Pincus organization,” said James Neary, a Managing Director and Co-Head of the Industrial and Business Services group.
Before coming to Warburg Pincus, Mr. Begor was with General Electric for 35 years and was most recently the President and CEO of GE Energy Management. “Mark has deep and broad operating and financial experience, and will bring tremendous insights to our portfolio company management teams seeking to accelerate growth and improve operations,” said David Barr, Managing Director and Co-Head of the Industrial and Business Services group.
Other operating roles that Mr. Begor held at GE included multiple senior positions at GE Capital, as chief financial officer of NBC Universal, and as GE’s head of investor relations. Beyond his operating experience, Mr. Begor oversaw a large number of acquisitions and dispositions during his GE career. Mr. Begor’s educational background includes a BS in finance and marketing from Syracuse and an MBA from Rensselaer Polytechnic.
Warburg Pincus has more than $40 billion in assets under management and has raised 15 private equity funds since its founding in 1966. In November 2015, the firm reached a final close of Warburg Pincus Private Equity XII, LP at the hard cap of $12 billion. Warburg Pincus is headquartered in New York with offices in Amsterdam, Beijing, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo and Shanghai (www.warburgpincus.com).
© 2016 Private Equity Professional • 6-28-16
