Vantiva appoints new Directors and Chairman to Board of Directors following strategic acquisition of CommScope Home Networks
08 Febrero 2024 - 11:56AM
UK Regulatory
Vantiva appoints new Directors and Chairman to Board of Directors
following strategic acquisition of CommScope Home Networks
Press Release
Vantiva appoints new Directors and
Chairman to Board of Directors following strategic acquisition of
CommScope Home Networks
Brian Shearer, TPG Angelo Gordon, appointed
Chairman of Board of Directors.
TPG Angelo Gordon and CommScope Holding Company, Inc.
representatives
join Board of Directors.
Barclays Bank Ireland Plc. appointed Board Observer.
Paris – February 8th, 2024 – Vantiva (Euronext Paris:
VANTI), a global technology leader enabling
Network Service Providers (NSPs) to connect consumers around the
world, today announced Brian Shearer, Head of European Credit
Solutions at Angelo, Gordon & Co., L.P. (“TPG Angelo Gordon”),
has been appointed as a Director and Chairman of Vantiva’s Board of
Directors. His appointment will be presented to shareholders for
approval at the next General Meeting.
The announcement follows last month’s completion of Vantiva’s
acquisition of the Home Networks division of U.S. company CommScope
Holding Company, Inc. (Nasdaq: COMM), bringing together two major
players in the connected home market.
Brian Shearer’s appointment follows the appointment of
representatives of TPG Angelo Gordon and CommScope Company Inc.
(“CommScope”), Nicola Mueller and Krista Bowen, respectively, who
were elected to the Board at the last General Meeting. Vantiva also
announced the appointment of Barclays Bank Ireland Plc, represented
by Shabab Ditta, as Board Observer.
Brian Shearer replaces Richard Moat, who stepped down after a
long tenure to allow, and in support of, a change in strategic
direction following successful completion of the CommScope Home
Networks acquisition.
Brian Shearer brings valuable financial and strategic commercial
expertise to Vantiva’s Board, and he looks forward to working with
the Board and the company, to ensure Vantiva’s long-term success
and help realize the benefits of the transformative CommScope
connected homes merger in the nearer term.
Brian Shearer has been a professional investor across various
sectors and geographies since 2010. He is currently a Managing
Director and the Head of European Credit Solutions at TPG Angelo
Gordon, the diversified credit and real estate investing platform
of TPG, a leading global asset manager with over $200 billion of
AUM. Prior to joining TPG Angelo Gordon, Brian Shearer was a senior
investment professional at Taconic Capital and Deutsche Bank
Securities Inc.
Nicola Mueller is a Director at TPG Angelo Gordon. Nicola
Mueller joined TPG Angelo Gordon in 2019 and is a senior investment
professional in the TPG Angelo Gordon European Credit Solutions
team. Prior to TPG Angelo Gordon, Nicola Mueller was an investment
professional at Oaktree Capital Management and Goldman Sachs.
Nicola Mueller brings valuable financial expertise to the
Board.
Krista Bowen is Senior Vice President and Deputy General Counsel
of CommScope, which she joined in 2010. Krista Bowen will bring
over 25 years of legal experience to the Board in addition to a
wealth of knowledge on CommScope Home Networks. Prior to joining
CommScope, Krista Bowen was a partner at the law firm Robinson,
Bradshaw & Hinson, specializing in mergers and
acquisitions.
Shabab Ditta joined Barclays in 2006 and is a Managing Director
in the Credit Trading business at Barclays Bank Plc.
Vantiva’s Board of Directors now comprises 12 directors, 60% of
whom are independent. The proportion of women on the Board is
50%.
About Vantiva
Pushing the Edge
Vantiva shares are admitted to trading on the regulated market
of Euronext Paris (VANTI).
Vantiva, formerly known as Technicolor, is headquartered in
Paris, France. It is an independent company which is a global
technology leader in designing, developing and supplying innovative
products and solutions that connect consumers around the world to
the content and services they love – whether at home, at work or in
other smart spaces. Vantiva has also earned a solid reputation for
optimizing supply chain performance by leveraging its decades-long
expertise in high-precision manufacturing, logistics, fulfillment
and distribution. With operations throughout the Americas, Asia
Pacific and EMEA, Vantiva is recognized as a strategic partner by
leading firms across various vertical industries, including network
service providers, software companies and video game creators for
over 25 years. The group’s relationships with the film and
entertainment industry goes back over 100 years by providing
end-to-end solutions for its clients.
Following the acquisition of CommScope’s Home Networks in
January 2024, Vantiva continues its 130-year legacy as a global
leader in the connected home market.
Vantiva is committed to the highest standards of corporate
social responsibility and sustainability across all aspects of
their operations.
For more information, please visit vantiva.com and follow
Vantiva on LinkedIn and Twitter.
Contacts
Vantiva Press
Relations Thatcher+Co.
for Vantiva
press.relations@vantiva.com vantiva@thatcherandco.com
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