Investcorp founder Kirdar to step down

Global investor makes changes at the top as long-standing chief executive plans to step down next year

Nemir Kirdar, the long-serving chief executive of Bahrain-based investment group Investcorp, who founded the firm over 30 years ago, is to step down next year as part of a series of changes to its senior management.

Investcorp, which owns UK snack maker Tyrrells, said Mohammed Al-Shroogi, currently president of Investcorp's Gulf Business, and Rishi Kapoor, chief financial officer, will become joint chief executives next July.

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