For Immediate Release
New York, NY. April 2, 2009 – Oak Hill Capital Partners announced today that it has named Arthur D. Collins, Jr. as a Senior Advisor to the firm. Mr. Collins will consult across Oak Hill Capital’s private equity portfolio, providing advice and expertise in a variety of areas. He was formerly the Chairman and Chief Executive Officer of Medtronic, Inc., one of the largest medical technology companies in the world, and retired from Medtronic in September 2008 after more than 16 years at the company.”We are delighted to welcome Art to the Oak Hill Capital team. Art is an extremely accomplished and talented executive, with an enviable track record of building health care businesses into recognized world leaders. During his tenure at Medtronic, the company was transformed and rapidly expanded while delivering consistently strong financial performance. We believe his extensive experience in successfully leading complex global businesses will prove invaluable to our existing and future portfolio companies. Additionally, as a result of his previous and current board positions, Art brings to bear important perspectives on a number of industry sectors that are focus areas for Oak Hill Capital’s investment activities. We look forward to benefiting from his strategic perspective, broad relationships and operating expertise,” said Steven Gruber, a Managing Partner at Oak Hill Capital.
Mr. Collins commented, “Oak Hill Capital has a strong franchise and track record of successful private equity investing for over 20 years. I am particularly attracted to the firm’s disciplined, thematic approach to investing, and I look forward to working closely with the management teams of Oak Hill Capital’s portfolio companies to help enhance operational execution and identify attractive new investment opportunities across the platform.”
Mr. Collins has over 35 years experience in various leadership roles at several leading public and private companies, including Medtronic, Abbott Laboratories and Booz, Allen & Hamilton. In addition, Mr. Collins has extensive board experience, currently serving as an active board member of The Boeing Company, Cargill, Inc. and US Bancorp. He is a member of the Board of Overseers of the Wharton School at the University of Pennsylvania, a member of the Board of Advisors of the Farmer School of Business at Miami University, and also has served in leadership positions at numerous industry associations, charitable institutions and government councils.