Thomas H Lee vice chairman steps down

Scott Schoen, vice chairman of US buyout group Thomas H Lee Partners, has stepped down from his position but will remain an advisor to the Boston-based firm.

Scott Schoen, one of the longest-serving senior executives at Thomas H Lee Partners, has stepped down from his role as vice chairman, the firm said in a statement.

Schoen, who was co-president of the firm between 2003 and 2009 before becoming vice chairman, joined Thomas H Lee in 1986.

He, Anthony DiNovi and Scott Sperling collectively took over the responsibility for the day-to-day running of the firm in 2005 when the firm’s eponymous founder stepped down. Now 53, Schoen will remain on the board of portfolio companies Acosta and Nielsen Holdings, and will also act as an advisor to the firm, it said.

In the statement, Schoen praised the firm’s track record. “I am proud of the franchise we have built, and I am confident that the firm will realize even greater success in the future,” he wrote.

Schoen began his career at Goldman Sachs in 1984 as an associate. Two years later, he joined Thomas H Lee Partners, which by then had become an established private equity group, having been founded in 1974. 

For an in-depth interview with current co-president Scott Sperling, read the Privately Speaking from the December issue of
Private Equtiy International, available to premium subscribers HERE.