Total
0
Shares
Infratil (ASX:IFT) - Outgoing CEO, Marko Bogoievski - The Market Herald
Outgoing CEO, Marko Bogoievski
Source: NZ Herald
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Infratil's (IFT) CEO, Marko Bogoievski, is stepping down after 12 years in the role
  • The New Zealand based infrastructure investment company has appointed Jason Boyes as the new CEO, who will commence the role on April 1, 2021
  • Over the past 10 years, Jason has worked at Morrison & Co, which manages Infratil's assets
  • At market close, Infratil is down 1.13 per cent and is trading at $6.99 per share

Infratil's (IFT) CEO, Marko Bogoievski, is stepping down after 12 years in the role.

Marko informed the board of his interest in leaving the New Zealand based infrastructure investment company few months ago.

Chairman Mark Tume thanked Marko for his leadership over the years.

"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," he said.

"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 per cent per annum over that period," he added.

The company has appointed Jason Boyes as the new CEO, effective from April 1, 2021.

Over the past 10 years, Jason has worked at Morrison & Co, which manages Infratil's assets. Prior to that had a 15-year legal career in corporate finance.

The company's board has worked closely with Jason during his time as a senior executive at Morrison & Co.

"We are highly confident that he brings the skill and experience needed to deliver the ongoing leadership and investment capability required for the role. The board has long regarded Jason as a top tier candidate to take over the role of managing Infratil’s growth strategy," Mark said.

"I’m excited about the challenge and opportunity to lead Infratil at an important time in its history. Infratil has an outstanding track record, an enviable portfolio of assets, and is well-positioned to take advantage of the current environment," Jason said.

On market close for the day, Infratil is down 1.13 per cent and is trading at $6.99 per share.

IFT by the numbers
More From The Market Herald
De.mem (ASX:DEM) wins $550K contract from AGL Energy (ASX:AGL)

" De.mem (ASX:DEM) wins $550K contract from AGL Energy (ASX:AGL)

Water and wastewater treatment company De.mem (DEM) has won a $550,000 contract from AGL Energy (AGL).
Rio Tinto (ASX:RIO) - Outgoing CEO, Jean Sébastien Jacques - The Market Herald

" Meridian Energy’s (ASX:MEZ) new contract sees Rio Tinto (ASX:RIO) continue operations at Tiwai

Rio Tinto (RIO) has accepted new contract terms offered by Meridian Energy (MEZ) to continue operations at Tiwai, effective from today.
PurilfOH (ASX:PO3) - Executive Chairman, Simon Lill - The Market Herald

" PuriflOH (ASX:PO3) refines tech. ahead of commercialisation

Utilities stock PuriflOH (PO3) has used the past 12 months to refine its air-purifying technology as COVID-19 impacts the market.
Phoslock Environmental Technologies (ASX:PET) suspends shares amid KPMG investigation

" Phoslock Environmental Technologies (ASX:PET) suspends shares amid KPMG investigation

Phoslock Environmental Technologies’ (PET) shares have been suspended, after an independent investigation revealed irregularities in its China-based operations.