Infigen restructures Management team
Infigen Energy (ASX: IFN) today announced several key changes to the Infigen management team to support the company’s growth strategy.
Mr Ross Rolfe, Managing Director of Infigen announced the appointments of:
- Mr Tony Clark, formerly a senior executive at ERM Power Limited, Stanwell Corporation, Worley Parsons, Walter Construction and ABB Engineering Construction. Mr Clark has over 20 years’ experience in the Engineering, Construction and Energy Sector with broad experience in the development and construction of infrastructure assets primarily within the energy industry. Mr Clark will lead the Infigen operations team and take responsibility for the delivery of new projects including the 113MW wind farm at Bodangora in Central Western New South Wales.
- Mr Owen Sela, formerly a senior executive at CS Energy, Alinta Energy, Energex, Sun Retail and Mt Isa mines. Mr Sela will lead the Energy Markets team and position Infigen’s portfolio to more actively and effectively participate in the regional markets in which we operate.
- Ms Sylvia Wiggins, a director of Infigen, to the executive director position of Finance Director effective 8 May 2017. Ms Wiggins will be responsible for business services functions including Finance, Accounting & Statutory Reporting, Strategy and Legal.
Infigen Chief Financial Officer Mr Chris Baveystock, who has played a major role in Infigen’s improved financial results and capital structure, will continue as Chief Financial Officer of Infigen and remain a part of the leadership team.
Infigen’s Managing Director, Mr Ross Rolfe said, “Infigen is well positioned to execute on its growth strategy, which is designed to deliver value to its securityholders. The three new appointments will certainly position us to achieve this outcome. Each of them bring a wealth of experience and distinguished track records of achievement to the new roles.”
“To deliver our strategy Infigen needs to ensure that we understand and respond to the markets that we are operating in, identify and execute upon value creating opportunities, drive optimal value from our existing portfolio of assets and create a capital structure that supports our business strategy,” he said.
Mr Rolfe said, “Tony’s background in project delivery and operational performance together with Owen’s understanding of the markets within which we operate will enable us to pursue the strategy. Sylvia’s background in originating, structuring and advising upon transactions in debt and equity markets will greatly assist in achieving an optimal capital structure. I am delighted that these individuals with their experience and capability have agreed to join the executive team and support the group in delivering its corporate strategy”.
Ms Wiggins will continue as a member of the Boards of Infigen Energy Limited, Infigen Energy (Bermuda) Limited and Infigen Energy RE Limited (as responsible entity for the Infigen Energy Trust) (the IFN Boards). Ms Wiggins is no longer a member of the Board Audit, Risk & Compliance Committee or the Nomination & Remuneration Committee.
Infigen Chairman, Mike Hutchinson, said “The IFN Boards welcome these appointments, which further strengthens our management capacity to deliver incisively on our strategy. We are fortunate to be able to attract such highly qualified and experienced executives.”
“We are particularly pleased that Sylvia Wiggins has agreed to further extend her contribution to Infigen to a full time executive capacity. Sylvia’s appointment will result in a temporary reduction in the number of independent directors on the Board. The Board is currently conducting a search process to fill the two vacancies created by the appointment of Ross Rolfe as Managing Director and Sylvia Wiggins as Finance Director. This search process is well advanced and I look forward to announcing additions to the IFN Boards in the near future,” he said.
Ms Wiggins’ key service terms are summarised in the Appendix in the ASX release.
For further information please contact:
General Manager, Strategy & Corporate Affairs
Tel +61 2 8031 9900
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