Hellman & Friedman makes major management change

September 16, 2014, 7:43 PM UTC
contract armin harris
Kyle Bean for Fortune

Brian Powers is no longer chairman with Hellman & Friedman, the San Francisco-based private equity firm that currently is raising upwards of $10 billion for its eighth fund. He instead has transitioned into a chairman emeritus role, and is not listed on SEC documents for the new capital-raising effort.

Powers originally joined Hellman & Friedman in 1991, and later rejoined in 1999 after spending five years as CEO of Australia’s Consolidated Press Holdings Ltd. and Publishing and Broadcasting Ltd. He would later serve as the firm’s CEO, before being succeeded in 2009 by current CEO Philip Hammarskjold. That move was part of a previously-planned succession, which saw firm founder Warren Hellman hand the chairman role over to Powers. Hellman would pass away two years later.

Among Powers’s portfolio board seats were Axel Springer, Blackbaud, Getty Images, Kronos, ProSiebenSat.1 Media and the holding company for Formula One racing. He was not listed as a director or executive officer of the firm in its most recent investor adviser registration filing, dated August 25.

Fortune has reached out to Powers and an H&F spokesperson for comment, but has not yet heard back.

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