International Public Partnership Ld Appointment of Michael Gerrard (7438Z)
September 04 2018 - 10:00AM
UK Regulatory
TIDMINPP
RNS Number : 7438Z
International Public Partnership Ld
04 September 2018
APPOINTMENT OF MICHAEL GERRARD AS INDEPENDENT NON-EXECUTIVE
DIRECTOR AND PROSPECTIVE CHAIRMAN
4 September 2018
International Public Partnerships, the listed infrastructure
investment company ('the Company', 'INPP'), is pleased to announce
the appointment of Mr. Michael Gerrard as an independent
non-executive director. It is anticipated that Mr. Gerrard will
become Chairman following Mr. Rupert Dorey's planned retirement
from the Board of Directors (the 'Board') on 31 December 2018.
Mr. Gerrard's appointment follows a rigorous,
externally-facilitated selection process managed by the Board's
independent non-executive directors. Mr. Gerrard brings over 30
years of technical and financial experience in global
infrastructure investment.
Mr. Rupert Dorey, Chairman of International Public Partnerships,
said: "Mike is a highly experienced and respected figure within the
infrastructure industry. He has worked on some of the most
significant infrastructure projects and programmes delivered in the
UK and globally over the last thirty years. These include the
introduction of private finance into the UK's energy, social
infrastructure, environmental and transport sectors. Much of his
work has been at the boundary between the private and public
sectors, where value is created for both investors and the users of
infrastructure assets. We welcome Mike to the Board and as my
successor as Chairman at the end of the year."
Mr. Michael Gerrard, new independent non-executive director
said: "I am delighted to be joining the board of INPP. The Company
has an impressive track record in the origination and stewardship
of high-quality infrastructure investments. It embraces the
principles and practices that underpin successful long-term working
relationships between private capital and public services. The
Company's ethos aligns closely with my own experience and approach
to working in partnership with the investors, governments and
communities which we serve. I look forward to helping the business
continue to thrive."
In addition, the Board notes that Mr. John Le Poidevin, who has
been a director of the Company since 2016 is appointed as Chairman
of the Audit and Risk Committee with effect from 1 July 2018. Mr.
Poidevin is a qualified accountant and a former partner of BDO LLP.
He assumes this role from Mr. John Whittle, who has served in the
position for the past four years. Mr. Whittle will remain the
Senior Independent Director of the Board.
In accordance with Listing Rule 9.6.13, Mr Gerrard has advised
the Company that he is not currently a director of any publically
quoted company, nor has he held any such position within the last
five years.
ENDS.
Notes to Editors:
Mike Gerrard has spent most of his career in the development,
delivery and management of infrastructure investments. Currently,
he is chair of the programme coordination board for the expansion
of Heathrow airport and a member of the investment committee for
two unlisted infrastructure funds managed by Impax Asset Management
Limited. He also currently leads an independent affordability
review of Crossrail 2 for the Government and Greater London
Authority.
He has held senior positions in infrastructure finance for
Canadian Utilities Limited working on investments in the UK and
South Asia; and later led a major financing in Middle East. He was
a director of HM Treasury Taskforce and deputy CEO and later CEO of
Partnerships UK plc.
He led the Thames Tideway Tunnel project for Thames Water
Utilities Limited as a managing director.
He originally trained in engineering with BP and in investment
banking with Morgan Grenfell. His qualifications include an MBA
from the London Business School and a fellowship of the Institution
of Civil Engineers.
For further information:
Erica Sibree
+44 (0)20 7939 0558
Amber Fund Management Limited
Hugh Jonathan
+44 (0)20 7260 1263/1275
Numis Securities
Ed Berry/Mitch Barltrop
+44 (0) 20 3727 1046/1039
FTI Consulting
About International Public Partnerships (INPP):
International Public Partnerships ('INPP') is a listed
infrastructure investment company which invests in global public
infrastructure projects developed under the public private
partnerships ('PPP'), private finance initiative ('PFI'), regulated
asset and other similar procurement methods.
Listed in 2006, INPP is a long-term investor in 129 social and
transport infrastructure projects, including schools, hospitals,
courts, police headquarters, transport and utility and transmission
projects in the UK, Europe, Australia and North America. INPP seeks
to provide its shareholders with both a long-term yield and capital
growth through investment across both construction and operational
phases typically of 25-40 year concessions.
Amber Infrastructure Group ('Amber') is the Investment Adviser
to INPP and consists over 100 dedicated staff who manage, advise on
and originate investments for INPP.
Visit the INPP website at
www.internationalpublicpartnerships.com for more information.
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END
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