Macquarie appoints James Hooke as CEO of infrastructure arm

Hooke will assume day to day responsibility for MIC following the release of the company's financial results for the first quarter.

Hooke is a managing director in the Macquarie Capital Funds Division of the New York office of the Macquarie Group, a position he has held since joining the company in 2007. He was most recently responsible for corporate development and management of a portfolio company investment for Macquarie Infrastructure Partners, which manages two unlisted infrastructure funds responsible for investing and managing approximately $5.5bn of investor commitments across a range of North American infrastructure businesses.

John Roberts, chairman of MIC, said, "On behalf of the board, I would like to thank Peter for his leadership of MIC since its establishment in 2004. As the company's founding CEO, Peter has helped the company achieve numerous milestones including its initial public offering, acquisitions of high quality infrastructure businesses and the formation of a strong management team.

"James is an ideal candidate to lead the next phase of MIC's development. As CEO, James will continue the various initiatives currently underway to restore shareholder value through reducing debt levels, effectively managing expenses and operational improvement. James brings a range of investment, restructuring, business improvement and asset management experience across the North American infrastructure and private equity sectors to this role and has a track record of establishing and growing businesses in management, board director and corporate development roles," he added.

Macquarie Infrastructure Company owns, operates and invests in a group of infrastructure businesses providing basic, everyday services, to customers in the US. Its businesses consist of an airport services business, a 50 per cent indirect interest in a bulk liquid storage terminal business, a gas production and distribution business, a district energy business, and an airport parking business.

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