Prime Infrastructure appoints CEO
Prime Infrastructure Group (PIH) announced the appointment of former senior managing partner of major shareholder Brookfield Asset Management Brian Kingston as managing director and CEO. The company said the appointment followed the resignation of Jeff Kendrew who is set to join Brookfield as chief development officer of its global infrastructure platform.
Prime Infrastructure said the appointment is effective immediately and has shortly followed completion of Prime’s recapitalisation and restructuring.
Chairman, the Hon Dr David Hamill, said Mr Kingston would bring a wealth of infrastructure management experience and that he has the ideal skill set to take the company through the next phase of its development.
“We are also pleased that Prime Infrastructure will retain the benefit of Jeff Kendrew’s extensive operating experience in the infrastructure industry and his intimate knowledge of Prime Infrastructure’s business, through his continued involvement as a non-executive Director,” Dr Hamill said.
Prime Infrastructure said Mr Kingston had held various senior management positions within Brookfield and its affiliates, including in the fields of mergers and acquisitions, merchant banking and advisory services in the infrastructure and property sectors.
“Most recently, Mr Kingston was chief financial officer and chief investment officer of Brookfield Multiplex Limited, a position which he held since Brookfield’s acquisition of Multiplex Limited in 2007,” the company said.
At the close of trade Friday, Prime Infrastructure shares were trading at $3.50.
Leave a Reply