Investcorp has added Frances Fragos Townsend to its Board of Directors, effective immediately. With Townsend’s appointment, Investcorp’s Board now comprises 15 directors, 10 of whom have joined the in the past five years.
Townsend is Emeritus Vice Chairman at MacAndrews & Forbes, Incorporated (MacAndrews). She formerly held the titles of General Counsel and Chief Administrative Officer and Executive Vice President for Worldwide Government, Legal and Business Affairs working across MacAndrew’s portfolio companies focusing on international, legal, compliance and business development issues. Ms. Townsend previously served as Advisor to President George W Bush for Homeland Security and Counterterrorism and chaired the Homeland Security Council. She was the first Assistant Commandant for Intelligence for the US Coast Guard and spent 13 years at the U.S. Department of Justice in various senior positions.
Mohammed Alardhi, Executive Chairman of Investcorp, says: “Over the past five years we have been focused on further strengthening and diversifying our Board to ensure that we have the right mix of global skills, expertise and perspectives to extend our long history of success and achieve our ambitious growth plans. We believe that Frances is an excellent addition to our Board, bringing significant legal and global business experience in both the public and private sectors. She is a highly accomplished executive and we are confident that she will make many meaningful and long-lasting contributions to our Firm.”
“I am honoured to join Investcorp’s Board and believe that the Firm’s longstanding record of providing its clients with unique solutions is becoming increasingly critical in the current investment landscape,” says Frances Fragos Townsend. “I am particularly looking forward to contributing to the Firm’s remarkable global growth journey and working alongside my fellow board members to drive sustainable value in the years to come.”
Townsend is a member of the Council on Foreign Relations and the Trilateral Commission, and is currently a director of Chubb Limited, Freeport-McMoRan Inc and SciPlay Corporation. She received her JD degree from the University of San Diego School of Law after graduating from American University where she received a BA in Political Science and a BS in Psychology.
Source: Private Equity Wire
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