GCP Infrastructure Investments Ltd Directorate Change (5356O)
February 10 2021 - 7:50AM
UK Regulatory
TIDMGCP
RNS Number : 5356O
GCP Infrastructure Investments Ltd
10 February 2021
GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
LEI: 213800W64MNATSIV5Z47
Headline: Board Composition Changes
10 February 2021
The Board of Directors of GCP Infra, the only UK listed fund
focused primarily on investments in UK infrastructure debt "the
Board" announces the following Board composition changes.
As announced on 17 September 2019 , David Pirouet notified the
Board of his intention to retire as a Non-Executive Director and
Chair of the Audit and Risk Committee at the conclusion of the
Company's 2021 Annual General Meeting. Following the conclusion of
today's Annual General Meeting, we confirm that David Pirouet has
retired with effect from today, 10 February 2021.
The Board is pleased to announce the appointment of Steven
Wilderspin as a Non-Executive Director of the Company with effect
from today. Steven will Chair the Audit and Risk Committee and has
also been appointed as a member of the Management Engagement
Committee.
Steven is a Jersey resident and is a Fellow of the Institute of
Chartered Accountants of England and Wales. He has acted as an
independent Director of a number of public and private investment
funds and commercial companies since 2007. In 2017 he retired as
Chairman of the Audit and Risk Committee of 3i Infrastructure after
ten years' service. Steven is currently a Non-Executive Director
and Chair of the Risk Committee of Blackstone Loan Financing
Limited and a Non-Executive Director and Chair of the Audit and
Risk Committee of HarbourVest Global Private Equity Limited, both
listed on the London Stock Exchange. Prior to 2007, Steven was a
Director at Maples Finance Jersey, with responsibility for their
fund administration and fiduciary businesses. Steven began his
career at PwC in London in 1990.
This addition to the Board is being made as part of the
Company's medium-term board stability and succession plan, in order
to achieve an orderly evolution of the Board composition.
Michael Gray, in addition to his current Committee
responsibilities, has joined the Nomination Committee upon David
Pirouet's retirement from the Board.
Ian Reeves CBE, Chairman, commented, "I would like to thank
David for his invaluable support, dedicated service and
contribution to the Company over the past 10 years. The Board would
like to wish David continued success in the future, and we are
delighted to welcome Steven to the Board. He will bring core
strengths in Audit and Risk and a wealth of relevant experience
which will ensure that the evolving Board maintains the required
complementary range of skills, as we continue the implementation of
our strategy".
For further information please contact:
Gravis Capital Management Limited
Philip Kent +44 (0)20 3405 8500
Stifel Nicolaus Europe Limited
Mark Bloomfield
Nick Donovan +44 (0)20 7710 7600
Buchanan/Quill
Helen Tarbet
Sarah Gibbons-Cook
Henry Wilson +44 (0)20 7466 5000
Notes to the Editor
About GCP Infra
GCP Infra is a closed-ended investment company and FTSE-250
constituent whose shares are traded on the main market of the
London Stock Exchange. Its objective is to provide shareholders
with regular, sustained, long-term distributions and to preserve
capital over the long term by generating exposure to UK
infrastructure debt and related and/or similar assets.
The Company primarily targets investments in infrastructure
projects with long term, public sector-backed, availability-based
revenues. Where possible, investments are structured to benefit
from partial inflation protection. GCP Infra is advised by Gravis
Capital Management Limited.
GCP Infra has been awarded with the London Stock Exchange's
Green Economy Mark in recognition of its contribution to positive
environmental outcomes.
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END
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