LONDON: John Laing Group plc announced the appointment of Ben Loomes as Chief Executive Officer (CEO) with effect from 8 May 2020.

Following the announcement of his departure on 23 January 2020, Olivier Brousse will step down as CEO of the Company on 7 May 2020.

Ben has c.20 years of experience in the infrastructure sector. He was previously Managing Partner and Head of Infrastructure at InfraRed Capital Partners, a global infrastructure investment business focused principally on greenfield and operational PPP projects. Prior to this, Ben was Managing Partner of 3i Group plc’s infrastructure business and a member of the 3i Group Executive Committee.

Will Samuel, John Laing Chairman, commented: “I am delighted to announce we have appointed Ben as our new CEO.  He brings strong leadership and business development capabilities, as well as a solid investment track record and extensive experience in the infrastructure sector. The Board has conducted a thorough search process to find the best candidate and we are delighted to have attracted someone of Ben’s calibre to lead the Company. We look forward to working with Ben to further develop and grow John Laing.”

“On behalf of the Board, I would like to express our sincere thanks to Olivier for his valuable contribution to John Laing and he leaves with our very best wishes for the future. Olivier was instrumental in delivering the successful IPO of the Company, evolving the Group’s geographical footprint and diversifying its investment portfolio. He has built a successful and scalable platform that leaves John Laing well positioned for future growth.”

Ben Loomes said: “I am delighted to be joining John Laing. The Company has a strong heritage, successful business model and a resilient portfolio of investments. I am looking forward to leading the business through the next phase of its development as it seeks to invest responsibly in infrastructure projects around the world.  I have known John Laing and its team for many years, both as a partner and as a competitor, and I am excited about joining the business to help build further on its success.”