Andrew geczy biography

The chief executive of Terra Firma Capital Partners, the buyout firm best known for its ill-fated ownership of the EMI record label, has stepped down after falling out with its billionaire founder.

Sky News has learnt that Andrew Geczy, who joined the private equity group in 2016, left on Thursday, according to a memo circulated to Terra Firma's investors.

‎Guy Hands, the firm's founder and figurehead, told its backers that "effective immediately, Andrew Geczy is no longer working at Terra Firma".

"While I‎ cannot give you further details on his departure at this time, the senior leadership team and I are working to ensure that the day-to-day running of the firm continues without interruption and that we move forward with our business objectives," the note, which has been seen by Sky News, said.

Sources said that Mr Hands and Mr Geczy had been "at loggerheads" for some time, with disputes ranging across a sp