facebook
twitter
rss
account
search
search
 

Mulroney named Blackstone Group director

June 4, 2007 at 5:40 PM   |   Comments

NEW YORK, June 4 (UPI) -- Former Canadian Prime Minister Brian Mulroney has been named a director of Blackstone Group Management LLC, the U.S. private-equity firm said Monday.

New York-based Blackstone, which is about to go public, said Mulroney, prime minister from 1984 to 1993, will earn $100,000 a year as a Blackstone director.

Mulroney will also receive equity of 10,000 "deferred restricted common units" that vest over three years, The Globe and Mail in Toronto reported citing Blackstone documents.

Blackstone common shares are expected to be sold to the public at between $29 and $31 each.

Mulroney, a partner in Montreal law firm Ogilvy Renault, is also on the boards of gold-mining giant Barrick Gold Corp., communications company Quebecor Inc. and food processor Archer Daniels Midland Co.

He recently retired as senior adviser to Dallas-based private-equity fund HM Capital, earlier known as Hicks, Muse, Tate & Furst.

Two other Blackstone outside director appointees are retired Deloitte & Touche Chief Executive Officer William Parrett and British investment banker Nathaniel Charles Jacob Rothschild of the prominent Rothschild family of bankers, Blackstone said.

© 2007 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Fireball Cinnamon Whisky recalled in Europe for antifreeze ingredient Fireball Cinnamon Whisky recalled in Europe for antifreeze ingredient
2
Eni makes major oil find offshore Congo Eni makes major oil find offshore Congo
3
U.S. sinks $25 million in funding for renewables U.S. sinks $25 million in funding for renewables
4
U.S. average gas price headed below $3 U.S. average gas price headed below $3
5
Elon Musk: We are 'summoning a demon' with artificial intelligence Elon Musk: We are 'summoning a demon' with artificial intelligence
Trending News
Around the Web
x
Feedback