- 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.