3i Infrastructure plc appoints Richard Laing to succeed Peter Sedgwick as Chairman
The Board of 3i Infrastructure plc today announces the appointment of Richard Laing as Chairman, with effect from 1 January 2016.
Richard brings an in-depth understanding of investing in infrastructure from his time as Finance Director and subsequently CEO of CDC Group plc, a private equity and infrastructure investor. Richard has substantial experience of investment trusts and is currently a non-executive director of JP Morgan Emerging Markets Investment Trust plc and Perpetual Income and Growth Investment Trust plc. He also brings strong international experience, having worked across Europe, the US and emerging markets.
Richard is currently non-executive Chairman of Miro Forestry as well as a non-executive director of Leeds Castle Foundation. Previously Richard was Chairman of the Advisory Council of the Emerging Markets Private Equity Association and non-executive director at the London Metal Exchange, Madagascar Oil, Aureos Capital and Camelot plc. In his executive life, Richard was Group Finance Director at De La Rue plc and qualified as a chartered accountant at PwC.
Peter Sedgwick, 3i Infrastructure Chairman said: "I am delighted that Richard has been chosen as my successor. He has extensive experience of the infrastructure sector and is a seasoned non-executive director across both quoted and private companies.”
Philip Austin, 3i Infrastructure Senior Independent Director commented: "We are very pleased that Richard has agreed to become Chairman. He brings a wealth of experience and we look forward to working with him. I would also like to acknowledge Peter’s significant contribution to the development of the Company and his leadership of the board since the company’s flotation in 2007. We wish him all the best for the future."
Richard Laing commented: "I look forward to becoming 3i Infrastructure''s Chairman. I am excited by the opportunity to build on the strong foundations 3i Infrastructure has laid to date and to support the company in taking advantage of future opportunities.”
There are no other matters to disclose in accordance with paragraph 9.6.13R of the FCA''s Listing Rules. In accordance with the conditions attached to the company''s Collective Investment Fund Permit, the approval of the Jersey Financial Services Commission is required for the appointment of Mr Laing.
For further information, contact:
Tel: +44 1534 847 410
Tel: +44 20 7975 3258
Kathryn van der Kroft
Tel: +44 20 7975 3021
Notes to editors:
About 3i Infrastructure plc
3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company is a long-term investor in infrastructure businesses and assets. The Company’s market focus is on economic infrastructure, primary PPP and low-risk energy projects in developed economies, principally in Europe, investing in operating businesses and projects which generate long-term yield and capital growth.
3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Adviser to 3i Infrastructure plc.