LONDON (Alliance News) - 3i Infrastructure PLC on Friday named Richard Laing, the former chief executive of private equity and infrastructure investor CDC Group PLC, as the successor to Chairman Peter Sedgwick.
Laing, currently a non-executive director of JP Morgan Emerging Markets Investment Trust PLC and Perpetual Income and Growth Investment Trust PLC, will begin life as chairman of 3i Infrastructure on January 1, 2016.
"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," Laing said in a statement.
The new chairman also serves as the chairman of Miro Forestry and as a non-executive director of Leeds Castle Foundation. He was the finance director of banknote printer De La Rue PLC prior to joining CDC in 2000 as chief financial officer.
"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," Sedgwick said in a statement.
Shares in 3i Infrastructure were up 1.2% at 176.40 pence on Friday morning.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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