Agilitas, the pan-European mid-market private equity firm, is pleased to announce the appointment of Michael Jennings as Chief Executive of its latest portfolio company, Hydro International.
Michael Jennings becomes Chief Executive with effect from 1 September 2018, having been non-executive Chairman since Agilitas announced its investment in Hydro International in February 2018. Michael was previously Chief Executive of Hydro International plc from July 2013 until its takeover by its previous owners in late 2016, having spent his career in industrial products, services and technology-led businesses in the automotive, electronics and pharmaceutical sectors.
Commenting on today’s announcement, Martin Calderbank, Managing Partner at Agilitas, said: “We are delighted that Michael has returned as full-time Chief Executive given his deep experience of this business. The business is seeing unprecedented international growth, reflecting the excellence of its products and services.”
Agilitas Partner and Hydro Board member, Torbjorn Midsem, added: “Michael has the experience and talent to drive Hydro International to new levels of success, and his appointment as Chief Executive underlines our ambition for the business.”
Michael Jennings commented: “This is an exciting time to be taking on this role. My focus will be to make sure that we capitalise on the opportunities that we have identified—developing new products, expanding our support services and bringing our expertise to customers in new markets, industries and sectors.”
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