Kone: two new members in the Board of Directors

At the Extraordinary General Meeting of Kone on 3 June, Ranjan Sen and Bruno Schick were elected as new members of the Board of Directors.

As part of the planned takeover of TK Elevator (TKE) by Kone, the principal owners, the private equity investors Advent and Cinven, received the right via their jointly controlled holding company to name two members of the Board of Directors after conclusion of the transaction pursuant to the purchase agreement.

The resolution on the election of the new Supervisory Board members is subject to the conclusion of the transaction, i.e. the resolution will enter into force on the day the transaction has been completed, according to the Kone press release.

Advisor in the German-speaking region

Ranjan Sen Photo: © Advent International Ltd.

Ranjan Sen joined Advent in 2003, and is a Managing Partner of Advent based in Frankfurt. He acts as an advisor in the German-speaking region.

Prior to joining Advent, Ranjan, born in Germany in 1969, worked for DB Capital Partners, the private equity arm of Deutsche Bank. Before that, he spent two years as a Director at UBS Capital, working on mid-market private equity transactions. Earlier in his career, Ranjan spent seven years as a Vice President in the Structured Finance Group of Dresdner Kleinwort Benson.

Ranjan has served on the supervisory board of AI Alpine Parent & Cy S.C.A., an affiliate of Advent and parent company of their principal shareholder since August 2023, and is also on the supervisory board of InPost S.A. (Poland) since January 2021. Ranjan has additionally served as a member of the board of directors of Avolta AG since October 2020.

Ranjan studied for two years at the European Business School and graduated with a degree in Business Administration from Richmond University in London.

Oversight of portfolio, value creation and exit activities

Bruno Schick Photo: © Cinven GmbH

Bruno Schick joined Cinven in 2003 and is one of Cinven’s Co-Managing Partners, jointly leading Cinven’s strategic direction and long-term development, working closely with his Co-Managing Partner, Cinven’s Executive Committee, the Cinven Partner group and the broader Cinven team.

Bruno co-chairs Cinven’s Executive Committee, which oversees and manages the firm’s day-to-day operations alongside the Cinven Operating Committee. Born in Germany in 1971, Bruno Schick chairs the Cinven Portfolio Review Committee, has oversight of portfolio, value creation and exit activities, and leads the regional investment advisory teams for DACH and Emerging Europe.

Prior to this, he was CEO of Surplex AG, an innovative provider of asset recovery, which he co-founded in 1999. Specifically, in relation to the TK Elevator group of companies, Bruno is a director on the boards of Vertical Topco S.à r.l. and TK Elevator GmbH. Previously, Bruno worked at Goldman Sachs in Frankfurt.

Bruno Schick has an MA in Management from ESCP-EAP European School of Management. Mr. Bruno Schick is born 1971 and is a German citizen.

More informations: kone.com