Appointment of Michael Gerrard as Chairman

RNS Number : 8137L

International Public Partnership Ld

02 January 2019

 

Appointment of michael gerrard as chairman

2 January 2019

Further to the announcement issued on 4 September 2018, International Public Partnerships, the listed infrastructure company ('the Company', 'INPP') has appointed  Mr. Michael Gerrard as Chairman of the Board of Directors (the 'Board') with effect from 1 January 2019.

Mr Gerrard was appointed to the Board as an independent non-executive director on 4 September 2018, with the intention of assuming the role of Chairman upon Mr. Rupert Dorey's retirement on 31 December 2018.

Biography for Mr. Michael Gerrard

Mr. Gerrard has 30 years of financial and management experience in global infrastructure investment. He has held a number of senior positions, including as an assistant director of Morgan Grenfell plc, a director of HM Treasury Taskforce, and deputy CEO and later CEO of Partnerships UK plc. Mr. Gerrard has a breadth of experience across a range of economic and social infrastructure sectors and has been involved in some of the largest infrastructure projects in the UK.

John Whittle, Senior Independent Director said: "On behalf of the Board, I would like to thank the outgoing Chairman, Rupert Dorey, for his services as Chairman and Independent Director of the Company, since its inception in 2006. His valuable contribution has seen the Company grow from c.£300 million to over £2 billion, and the portfolio has continued to evolve distinguishing INPP as a leading infrastructure investment specialist. The Board and I welcome Mike as his successor as Chairman and look forward to building on this success."

ENDS.

For further information:

Erica Sibree/Amy Joslin                                                 [phone]/0587

Amber Fund Management Limited                                                         

Hugh Jonathan                                                                 [phone]

Numis Securities             

Ed Berry/Mitch Barltrop                                                 [phone]/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 and businesses.

Listed in 2006, INPP is a long-term investor in 130 infrastructure projects and businesses, including schools, hospitals, courts, police headquarters, transport, 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 120 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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