Baroness Hogg to chair 3i

Sir George Russell, aged 65, will retire at the end of the year from this position as non-executive chairman of the board of directors of 3i, a position he has held since 1993. He will be replaced by Baroness Hogg, aged 55, who has been a non-executive director of 3i since July 1997 and deputy chairman since July 2000.

Sarah Hogg is currently chairman of the Audit and Compliance Committee of the Board of Directors and a member of the Remuneration Committee and the Valuations Committee. She is also chairman of Frontier Economics and Foreign & Colonial Smaller Companies PLC, a director of GKN plc, Martin Currie Portfolio Investment Trust plc and P&O Princess Cruises plc, a member of the House of Lords Select Committee on Economic Affairs and a Governor of the BBC.