EI to make board more “democratic”

The board of directors of Central and Eastern European private equity firm Enterprise Investors Corporation (EIC) has promoted five EI partners as board members.

The newly appointed include, Rafal Bator, Stanislaw Knaflewski, Agnieszka Kowalska, Sebastian Król and Jacek Wozniak. All five will join the existing group of EIC stockholders.

The Board of Directors of EIC, now composed of 10 partners and managing partners, manages all the most important areas of EI operations and is responsible for making decisions relating to strategy, promotions, compensation and carried interest allocation.

With seven years of private equity experience, Bator leads the EI venture capital team. Prior to joining EI, he worked for Prokom Software Systems, Optimus and PricewaterhouseCoopers (PWC).

Knaflewski has 10 years of private equity experience and specialises in the retail and industrial sectors and coordinates EI’s activities in Bulgaria. Before joining EU, he worked for the Boston Consulting Group in Paris and Warsaw.

Kowalska has nine years of private equity experience. She specialises in transactions in the retail, consumer goods and manufacturing sectors. She joined EI from ING Barings.

Król has eight years of experience in the private equity industry and joined EI from Arthur Andersen and Hachette Distribution Services.

Wozniak manages EI’s investments in the consumer goods and industrial sectors. He has over nine years’ experience in private equity and joined the firm from Arthur Andersen.

Robert G. Faris, chairman of the board of directors and founder of Enterprise Investors said: “These changes are designed to democratise the management of Enterprise Investors and recognise the importance of a broader group of partners to the organisation.”