Aspen replaces private equity board departures
Bermudian (re)insurer Aspen has announced that Prakash Melwani and Kamil Salame will be stepping down from the Board. Mr. Melwani is a senior managing director of Blackstone's Private Equity Group and Mr. Salame is a partner of DLJ Merchant Banking Partners. Blackstone and DLJ Merchant Banking Partners no longer own stakes in the company after selling their remaining interests.
Richard Bucknall and Matthew Botein will be joining the Board today as non-executive directors. Mr Bucknall will chair the company's compensation committee and will also sit on the company's audit
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