Infratil announces Jason Boyes as its new Chief Executive Officer

The Infratil Board today announced that Jason Boyes will succeed Marko Bogoievski as Infratil Chief Executive Officer (‘CEO’) and a Director effective from 1 April 2021 with Mr Bogoievski stepping down after 12 successful years as Infratil’s CEO and a Director.

Mark Tume, Infratil’s Chair, said that with the strong portfolio positions and a positive investment outlook, the Board view this as a good opportunity to implement the succession plan. 

“Marko signaled to the board his interest in this transition some months ago, after 12 years in the role as CEO. The board believes this is the right time for a well-managed transition from one high performing leader to another with the company in healthy shape and with a clear future growth plan.

“Marko has been an outstanding CEO since taking over the reins in 2009, leading Infratil’s investment and portfolio strategy which has delivered a remarkable 18% p.a. over that period. I would like to thank Marko for his leadership and vision in delivering impressive shareholder returns through innovation and foresight.

DISC: I hold (thanks again Bear77)

Here's hoping the good work continues

Update on strategic review of shareholding in Tilt Renewables

On 7 December 2020, Infratil advised that it had initiated a strategic review of its shareholding in Tilt Renewables Limited (Tilt).

Infratil welcomes Tilt’s announcement that it has received a number of non-binding indicative proposals to acquire the company, and that it will provide due diligence access to a number of parties, to enable them to prepare binding proposals.

Marko Bogoievski, Infratil CEO, said “We have received strong interest in Tilt in response to our strategic review announcement in December. This is the logical next step in what is a competitive process, reflecting the strong demand globally for high quality renewable platforms like Tilt.”

No decision has been made in relation to Infratil’s shareholding in Tilt and we will continue to update the market of any material developments. A copy of the Tilt release is attached.

Disc: I have a small holding

Heads up to Bear77!      I bought 500 shares (after you put me onto them) I was intending to buy more ,after doing further research, but just after I bought them they went up to more than I was happy to pay for them...so thanks for what I have