- HarbourVest Global Private Equity announced a string of board chances after Brooks Zug, co-founder of the company said he would not seek re-election in the summer, while Michael Bunbury, HVPE's Chairman intended to retire in next year.

The company said it intended to put forward Carolina Espinal, Managing Director in its Primary team, for election at the AGM as a successor to Zug, who said he would not seek re-election at the company's annual general meeting on 25 July.

Carolina joined HarbourVest in 2004 and was a member of its Primary Investment Committee which made decisions on new commitments to primary funds worldwide. She previously worked for Merrill Lynch and holds a Masters in Finance degree from the London Business School.

Sir Michael Bunbury, HVPE's Chairman since IPO in 2007, had also indicated his intention to retire from the Board at the AGM in July 2020.

Independent consultants have been engaged to recruit his successor after a period of handover.

Keith Corbin, after more than 11 years on the Board of HVPE as Senior Independent Director and as chairman of the Audit and Risk Committee, had also informed the Company that he would not be offering himself for re-election at the AGM in July. Keith had been succeeded as Senior Independent Director by Alan Hodson, effective 16 May 2019, who had been a Director since April 2013.

At 9:53am: [LON:HVPE] Harbourvest Global Private Equity share price was -4p at 1624p

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