2002-011

Dr Michael Rogowski to join The Carlyle Group's European advisory board

Munich, Germany - Global private equity firm, The Carlyle Group, announced today that Dr Michael Rogowski, president of the Federal Association of German Industries, will join the advisory board of the firm's €1 billion buyout fund, Carlyle Europe Partners.


Dr Rogowski is president of the Federal Association of German Industries, Bundesverband der Deutschen Industrie (BDI), a post he has held since January 2001. He is also vice-president of the Federation of Engineering Industries, (VDMA).


Between 1974 and 2000, Dr. Rogowski developed his career at VOITH GmbH.. He rose to become CEO in 1997 and oversaw its international expansion and the successful flotation of the company on the Frankfurt stock exchange, establishing J.M. VOITH AG, a conglomerate of mechanical and plant engineering services with a worldwide staff of 24,000. He retains a position on the supervisory board of the company and also chairs the partner committee.


“I'm glad to be joining this advisory board and look forward to contributing my industrial experience to Carlyle's decision making processes,” said Dr. Rogowski.


Dr Rogowski, 63, studied at the University of Lausanne, Switzerland and at the technical university Karlsruhe, Germany where he received his doctorate in 1969. After only four years in business, he achieved his first major milestone of his career with his appointment as managing director of SISCO GmbH in Frankfurt in 1973. He currently holds non-executive Board seats at the following companies: EADS N.V - European Aeronautic, Defense and Space Company; HDI - Haftpflichtverband der Deutschen Industrie V.a.G; Deutschen Messe AG; and KfW - Kreditanstalt für Wiederaufbau.


“We are delighted that Dr. Rogowski will join our advisory board. He is a prominent and well respected member of Germany's business community. His knowledge of the industrial sector in Germany is second to none and his insight on changing market dynamics will be of enormous value,” said Heiner Rutt, a managing director of The Carlyle Group who leads the firm's buyout operations in Germany.


Carlyle's European buyout fund seeks to create partnerships with corporations and large family-owned businesses that aim to restructure and expand their businesses in order to attain European or global leadership positions. To date, the fund has invested more than €700 million in 16 companies across Austria, France, Germany, Italy and Sweden.