REG - 3i Infrastructure - Directorate Change

3i InfrastructureAnnouncement

20/07/2023 12:30

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RNS Number : 6869G  3i Infrastructure PLC  20 July 2023

3i Infrastructure plc (the "Company")

 

Directorate changes

 

 

Paul Masterton and Ian Lobley

 

The Company announces that Paul Masterton and Ian Lobley have retired from the
Board with effect from 20 July 2023.  Stephanie Hazell will succeed Paul
Masterton as the Senior Independent Director ('SID').

 

Jenny Dunstan

 

The Company announces that pursuant to the relationship agreement dated 15
October 2018 between 3i Group plc ('3i') and the Company, 3i has nominated
Jennifer Dunstan as a non-executive Director of the Company to replace Ian
Lobley.  The Board has approved the appointment of Jennifer Dunstan as a
non-executive Director with effect from 20 July 2023.

 

Jennifer joined 3i in 2005 as an investor (then Partner) in the UK Buyouts
team and Head of Consumer in the UK. In 2009 she moved to head up the Fund
Investor Relations team. Prior to joining 3i, Jennifer spent nine years at
Terra Firma Capital Partners and Nomura's Principal Finance Group (PFG), where
she was Managing Director. Jennifer started her career as a solicitor for
Allen, Allen & Hemsley in Sydney and London. She is co-founder,
non-executive Director and past Chair of Level 20, an initiative to support
women in private equity, and also a current Trustee of The Fred Hollows
Foundation (UK).

 

 

Martin Magee

 

Additionally, the Company announces the appointment of Martin Magee as a
non-executive Director with effect from 20 July 2023.

 

Martin has served as the Finance Director and Executive Director of Jersey
Electricity plc since 2002. Before Jersey Electricity, Martin spent nine years
at Scottish Power plc in a variety of senior finance roles. He previously
worked with Stakis plc (now part of the Hilton Hotels Group) for nine years.
Martin is a non-executive Director and Audit Chair of Jersey Post
International Ltd and until May 2021 was non-executive Chair of Aberdeen
Standard Capital Offshore Strategy Fund Limited. He is a current member of the
Institute of Chartered Accountants of Scotland having qualified in 1984.
Martin is Jersey resident.

 

Richard Laing, Chair of 3i Infrastructure plc, said:

 

"We are extremely grateful to Paul and Ian for their significant and
invaluable contributions as Directors, and in Paul's case as SID, and wish
them well for the future. We are delighted that Jennifer and Martin have
agreed to join the Board. They bring with them a broad range of expertise and
experience across a range of sectors."

 

The Company confirms that the Jersey Financial Services Commission have issued
confirmations of no objection in relation to both Jennifer Dunstan and Martin
Magee's appointments.

 

There are no further matters to be disclosed in relation to Jennifer Dunstan
or Martin Magee in accordance with paragraph 9.6.13R of the UKLA's Listing
Rules.

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