Providence launches leadership transition plan

Nelson, who founded the firm 30 years ago, will become executive chair in January 2021. In this new role, he will remain actively involved in the firm, continuing to serve as chair of Providence's investment committee, and providing strategic and investment guidance to the leadership team.

As part of this planned transition, Providence has also made some new leadership appointments, effective immediately. Davis Noell, who joined the firm in 2003 and is currently a managing director based in the New York office, has been named senior managing director and co-head of North America.

David Phillips, who joined Providence in 2005 and is currently a managing director based in the Providence office, has been appointed as senior managing director and co-head of North America.

Karim Tabet, who joined Providence in 2002 and is currently a managing director based in the London office, has been named senior managing director and co-head of Europe.

Andrew Tisdale, who joined Providence in 2008 and is currently a managing director based in the London office, has been named senior managing director and co-head of Europe. 

All four will join Providence's investment committee.

In addition to these new appointments, managing director Michael Dominguez will serve in the newly created role of chief investment officer.

Peter Wilde will remain on Providence's investment committee and will continue to serve as chair of Providence Strategic Growth.

Additionally, London-based senior managing director John Hahn, who has been with Providence for 20 years and is the head of Providence's London office, has retired from the firm.

Providence is a global private equity firm with more than $49bn in capital under management. Since its inception in 1989, it has invested in around 200 companies, with a special focus on the media, communications, education, software and services industries.

The firm is headquartered in Providence, Rhode Island, and also has offices in New York and London.

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