Ancestry Announces Appointment of Mark Thompson as Chairman of the Board of Directors #general #announcements


Jan Meisels Allen
 

 

Ancestry announced the appointment of Mark Thompson as Chairman of the Board of Directors. Mr. Thomson formerly served as President and CEO of The New York Times Company where he led the 170-year old brand’s transformation into the world’s fastest-growing and most successful news digital subscription business. Prior to his time at the New York Times he was Director General of the British Broadcasting Company (BBC).

 

David Kestenbaum a Senior Managing Director at Blackstone, and Sachin Bavishi, a Managing Director at Blackstone, said “Mark’s long history of leadership, coupled with his successful track record in leading subscription and content businesses makes him an ideal Chairman. He brings a great deal of skill and strategic expertise to Ancestry. The company and the board look forward to working closely with him to accelerate Ancestry’s next phase of growth.”

 

Blackstone announced on December 4 that private equity funds managed by Blackstone completed their previously announced acquisition of Ancestry® from Silver Lake, GIC, Spectrum Equity, Permira, and other equity holders for a total enterprise value of $4.7 billion. Current Ancestry investor GIC will continue to retain a significant minority stake in the company.

 

To read their press release see:

https://www.ancestry.com/corporate/newsroom/press-releases/ancestry-announces-appointment-mark-thompson-chairman-board-directors

 

Jan Meisels Allen

Chairperson, IAJGS Public Records Access Monitoring Committee