James Hooke has been named CEO of Macquarie Infrastructure Management, after having served as a New York-based managing director in Macquarie’s capital funds division since 2007. He succeeds Peter Stokes, who is returning to Australia.
Macquarie Infrastructure Company (NYSE: MIC) today announced that its management company, Macquarie Infrastructure Management (USA) Inc., has appointed Mr. James Hooke to the position of Chief Executive Officer of MIC, effective May 8, 2009.
Mr. Hooke succeeds Mr. Peter Stokes who, after 5 years as CEO of MIC and 12 years in the New York office of the Macquarie Group, has decided to return to Australia. Mr. Hooke will assume day to day responsibility for MIC following the release of the Company’s financial results for the first quarter. Mr. Stokes will deliver MIC’s financial results to the market on May 7 and is working closely with Mr. Hooke to ensure a smooth transition.
Mr. 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. Mr. Hooke was most recently responsible for corporate development and management of a portfolio company investment for Macquarie Infrastructure Partners Inc. (MIP). MIP is the manager of two unlisted infrastructure funds responsible for investing and managing approximately $5.5 billion of investor commitments across a range of North American infrastructure businesses (see biography attached). Mr. Hooke was also responsible for the management of several portfolio company investments for other Macquarie affiliates and clients.
Mr. 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,” said Mr. Roberts.
Biographical Details – James Hooke
Mr. Hooke brings a range of experience in the North American infrastructure and private equity sectors. Over the course of his career he has a track record of establishing and growing businesses in management, board director and corporate development roles. Highlights include:
Managing Director, Macquarie Capital Funds Inc., New York (2007 – current)
Responsible for corporate development for Macquarie Infrastructure Partners Inc. (MIP). MIP is the manager of two unlisted infrastructure funds responsible for investing and managing approximately $5.5 billion of investor commitments across a range of North American infrastructure businesses
Asset Director and board member of five portfolio companies:
Global Tower Partners (fourth largest US wireless telephony tower operator);
ICON Parking (Manhattan’s leading off-street parking operator);
AIR-serv (world’s largest tire-inflation vending concession business);
American Consolidated Media (fifth largest US regional and community newspaper group); and
Smarte Carte International (world’s largest airport luggage trolley concession business)
Prior to joining Macquarie, from 2001-2007 Mr. Hooke held various senior roles at publisher Fairfax Media Limited including Managing Director of two operating divisions and Manager of Corporate Strategy. From 1994-2001, Mr. Hooke held various management consulting and legal roles, including approximately four years at Bain and Company, Inc.
About Macquarie Infrastructure Company
Macquarie Infrastructure Company owns, operates and invests in a diversified group of infrastructure businesses providing basic, everyday services, to customers in the United States. Its businesses consist of an airport services business, a 50% indirect interest in a bulk liquid storage terminal business, a gas production and distribution business, a district energy business, and an airport parking business. The Company is managed by a wholly-owned subsidiary of the Macquarie Group. For additional information, please visit the Macquarie Infrastructure Company website at www.macquarie.com/mic. MIC-G
“Macquarie Group” refers to the Macquarie Group of companies, which comprises Macquarie Group Limited and its worldwide subsidiaries and affiliates. Macquarie Infrastructure Company LLC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and its obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of Macquarie Infrastructure Company LLC.