Blackstone Announces Appointment of Brian X. Tierney as Global Head of Infrastructure Portfolio Operations and Asset Management; Steve Bolze to Retire and to Become Executive Advisor
July 26 2021 - 10:00AM
Business Wire
Blackstone (NYSE:BX) today announced the appointment of Brian X.
Tierney as a Senior Managing Director and Global Head of
Infrastructure Portfolio Operations and Asset Management. Mr.
Tierney joins Blackstone following 23 years with American Electric
Power (AEP), where he previously served as Chief Financial Officer,
Executive Vice President for Strategy and Executive Vice President
for AEP’s largest utility segment, AEP East. In this role, Mr.
Tierney will partner with portfolio company CEOs to drive key value
creation initiatives throughout our infrastructure companies.
Steve Bolze, current Head of Infrastructure Portfolio Operations
and Asset Management, will retire from his day-to-day role and
become an Executive Advisor to Blackstone Infrastructure Partners
in the fourth quarter of 2021.
Commenting on the appointment, Sean Klimczak, Global Head of
Blackstone Infrastructure Partners (BIP) said: “We are pleased to
welcome Brian to the Blackstone Infrastructure Partners team. He
has a stellar track record with over twenty-five years of
operations, strategy and finance experience in the infrastructure
industry. I look forward to partnering with Brian as we work to
expand BIP’s global presence and to assist our portfolio companies
in their efforts to drive transformative growth.”
Sean Klimczak added: “I also would like to thank Steve Bolze for
his tireless dedication to Blackstone Infrastructure Partners over
the past four years. His wealth of knowledge and contributions to
BIP have been significant and impactful. The BIP team will miss
Steve’s day-to-day engagement, but will look forward to our
continued work with him as an Executive Advisor.”
Brian Tierney said: “I am excited to be joining the exceptional
team at Blackstone Infrastructure Partners. I look forward to
bringing my operating and financial expertise to the remarkable
platform that BIP offers to its portfolio companies in their
efforts to grow and to pursue operational excellence.”
Steve Bolze said: “I would like to thank the entire Blackstone
network for my time at the firm. I would also like to welcome Brian
to the Blackstone Infrastructure Partners team. He brings a depth
of operational and financial expertise that will well serve our
expansive and diverse portfolio through our next stage of growth. I
am delighted to continue my work supporting our portfolio company
management teams and boards in my new role as an Executive Advisor
to BIP.”
Previously, Brian Tierney served as Executive Vice President of
Strategy for American Electric Power, where he was responsible for
AEP’s corporate strategy as well as its operational and performance
management functions. Tierney joined AEP in 1998 and has served in
various roles including, Executive Vice President and Chief
Financial Officer (2009 – 2020), Executive Vice President of AEP
Utilities East (2008 – 2009) and Senior Vice President of
Commercial Operations (2005 – 2007). Tierney also held various
management positions responsible for pricing energy transactions,
market operations and trading and marketing.
Prior to joining AEP, Tierney worked for a Houston-based energy
company, where he traded electricity and other commodities and
priced energy transactions. Before entering the energy industry, he
served as a United States Peace Corps Volunteer in the Republic of
the Philippines and worked in the consumer products industry.
Tierney has a Bachelor of Arts degree in history from Boston
College and an MBA from the University of Chicago with
concentrations in finance and accounting. In 2009, Tierney
completed the Nuclear Reactor Technology Program at MIT. He serves
on the boards of trustees of Energy Insurance Mutual and The
Jeffrey Company.
About Blackstone Infrastructure Partners
Blackstone Infrastructure Partners is an active investor across
transportation, energy, digital infrastructure and water and waste
infrastructure sectors. We seek to apply a long-term buy-and-hold
strategy to large-scale infrastructure companies with a focus on
delivering stable, long-term capital appreciation together with a
predictable annual cash flow yield. Our approach to infrastructure
investing is one that puts a focus on responsible stewardship and
stakeholder engagement to create value not just for our investors
but also for the communities we serve.
About Blackstone
Blackstone is the world’s largest alternative asset manager. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our $684 billion in
assets under management include investment vehicles focused on
private equity, real estate, public debt and equity, life sciences,
growth equity, opportunistic, non-investment grade credit, real
assets and secondary funds, all on a global basis. Further
information is available at www.blackstone.com. Follow Blackstone
on Twitter @Blackstone.
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version on businesswire.com: https://www.businesswire.com/news/home/20210726005505/en/
Paula Chirhart Paula.Chirhart@blackstone.com 347-463-5453
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