Sequoia Econ Infra - Retirement of Chair

Sequoia Economic Infrastructure Income Fund

24/11/2023 07:00

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RNS Number : 5162U  Sequoia Economic Infra Inc Fd Ld  24 November 2023

24 November 2023

 

Sequoia Economic Infrastructure Income Fund Limited

(the "Company")

 

Board Changes

Retirement of Chair

 

The Board of the Company announces that in accordance with its Succession Plan
and having completed a nine-year tenure, the Chair of the Board, Robert
Jennings will be stepping down and retiring from the Board on

1 January 2024.

 

James Stewart, who joined the Board on 1 January 2022, will be taking on the
role as Chair of the Board, with effect from 1 January 2024.

 

James has a wealth of leadership, international and infrastructure experience
across both the public and private sectors. Between 2011 and 2021, James held
several senior level positions in KPMG, including as a nonexecutive member of
the KPMG LLP Board and chair of KPMG's Global Infrastructure practice. Prior
to this, James was Chief Executive of Infrastructure UK and of Partnerships
UK, responsible for supporting major infrastructure projects and the PPP
program in the UK. James's earlier experience includes 16 years in investment
banking, where he was involved in lending, investing equity and advising on
infrastructure projects. James is currently Chair of Agilia Infrastructure
Partners Ltd, a Trustee of the Shaw Trust and a fellow of the Institute of
Civil Engineers. James is a resident of the United Kingdom.

 

The process to find a new Board member, in order to ensure the Board remains
an appropriate size, is well progressed.

 

Robert Jennings commented:

 

"It has been a great privilege to serve as inaugural Chair of SEQI for the
last nine years. I am delighted that James will take over as our next Chair. I
have enjoyed working alongside him since he joined the Board and believe he
has the requisite attributes to be ideally suited to this role."

 

James Stewart commented:

 

"Robert has played a key role in SEQI's highly successful development since
its inception. On behalf of the Board, I would like to thank Robert for his
dedicated leadership over the past nine years and wish him well in his
retirement."

 

 

For further information please contact:

 

 Sequoia Investment Management Company                       +44 (0) 20 7079 0480

 Steve Cook

 Dolf Kohnhorst

 Randall Sandstrom

 Greg Taylor

 Anurag Gupta

 Matt Dimond

 Jefferies International Limited (Investment Banking)        +44 (0) 20 7029 8000

 Gaudi Le Roux

 Stuart Klein

 Teneo (Financial PR)                                        sequoia@teneo.com (mailto:sequoia@teneo.com)

 Martin Pengelley                                            +44 (0) 20 7353 4200

 Elizabeth Snow

 Sanne Fund Services (Guernsey) Limited (Company Secretary)  +44 (0) 20 3530 3107

 Matt Falla

 Lisa Garnham

 

About Sequoia Economic Infrastructure Income Fund Limited

 

The Company is a Guernsey registered closed-ended investment company that
seeks to provide investors with regular, sustained, long-term distributions
and capital appreciation from a diversified portfolio of senior and
subordinated economic infrastructure debt investments. The Company is advised
by Sequoia Investment Management Company Limited.

 

LEI: 2138006OW12FQHJ6PX91

 

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