Julie Williamson steps down at Terra Firma

The 20-year veteran of the firm has stepped down as the senior line-up changes shape.

After a tenure of 20 years with Terra Firma, Julie Williamson, part of the firm’s senior management team, has left the business.

In an emailed statement, a spokesperson for the firm said: “Julie led and contributed to some of Terra Firma’s most successful investments. After 20 years with our firm, she has decided it is the right time to take a break. We are disappointed to be losing such a loyal and talented colleague, but understand her desire to do something different and wish her well.”

Williamson joined Terra Firma in 1998 and worked both on transactions and operational value creation plans for portfolio companies. She sat on the board of Odeon & UCI Cinemas, a company that was recently sold to a China-backed strategic buyer after a 12-year hold period.

She also sat on the board of Wyevale Garden Centres, currently still held in the Terra Firma portfolio, and music group EMI, one of the highest profile buyout failures of the global financial crisis.

Terra Firma’s senior line up is dominated by new faces, as the firm’s founder, chairman and CIO Guy Hands has sought to build a new team for the next period in the firm’s history. The firm has added five new managing directors in the last year, as well as Justin King, former chief executive officer of UK supermarket group J Sainsburys. The remaining members of the senior team are chief operating officer Trudy Cooke, who joined the firm in 2004, and managing director and former chief executive officer Tim Pryce.