Guy Hands steps down at Terra Firma

Wed Mar 18 2009, 15:49 PM

Guy Hands is giving up his position as CEO of venture capital house Terra Firma to spend more time overseeing the firm’s portfolio, including music label EMI. Hands is reportedly tied up with administration and is unable to devote enough energy to making money on the EUR11bn (USD14.3bn) worth of investments Terra Firma manages.

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