Hellman & Friedman Exec Leaves Digtas’ Board

NEW YORK Digitas said yesterday that Patrick J. Healy, a managing director at Hellman & Friedman, has resigned from its board of directors.

Healy’s departure comes nearly seven months after Hellman & Friedman divested itself of 16.7 million of its more than 26 million shares in Digitas [IQ Daily Briefing, Aug. 5, 2003]. The private equity investment firm, a onetime 45 percent stakeholder in Digitas, distributed its remaining 9.8 million shares of common stock in the independent i-shop to its partners and limited partners earlier this month [IQ Daily Briefing, Feb. 4].

Healy had served on the board since San Francisco-based Hellman & Friedman initially invested $100 million in Boston-based Digitas in 1999.

Digitas shares closed on the Nasdaq yesterday at $9.60, up 7 cents or 0.73 percent. The stock’s 52-week high is $13.24, its low, $2.99.