– GUERNSEY, St. Peter Port – International Public Partnerships (LSE:INPP), the listed infrastructure investment company, today announced the appointment of 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 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.
About International Public Partnerships
International Public Partnerships is a listed infrastructure investment company which invests in global public infrastructure projects developed under the public private partnerships, private finance initiative, 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 is the Investment Adviser to INPP and consists over 100 dedicated staff who manage, advise on and originate investments for INPP.
For more information : http://www.internationalpublicpartnerships.com
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