Associated British Ports Holdings Ltd
- Board of Directors
Dr Phil Nolan joined Associated British Ports as Chairman in July 2017. He was a wealth of experience on the boards of many companies, private and public and in both executive and non-executive capacity.
He was Chairman of John Laing from 2010-2018, Ulster Bank Limited and Ulster Bank Ireland Limited (a subsidiary of Ulster Bank Limited) between July 2013 and July 2017 and Chairman of Affinity Water from 2013-2018.
Previous to these chairmanships, Dr Phil Nolan was also a non-executive director of EnQuest PLC, an oil and gas development and production company from August 2012 to July 2017. He was Chairman of Infinis, a then privately-held, leading renewable energy generator between 2007 and 2010, Chairman of Sepura plc, a listed, global supplier of TETRA radios between 2007 and 2010 and CEO of Eircom, Ireland's national telecommunications supplier from 2002 to 2006.
Prior to that, he served as an Executive Director of BG Group plc and CEO of Transco plc from 1998 and in 2000, as CEO, led the demerger of Transco from BG, as the Lattice Group.
Henrik L. Pedersen became Chief Executive and executive director of the Board of Associated British Ports Holdings in August 2018. Mr Pedersen has joined ABP from APM Terminals, a key business within A.P. Moller-Maersk, where he served as Chief Commercial Officer since January 2017. He has 20 years of experience in a wide range of senior leadership roles across A.P. Moller-Maersk businesses worldwide.
Chief Financial Officer
Sebastian Bull became Chief Financial Officer and a Director of Associated British Ports Holdings Ltd in February 2011. Mr Bull was previously Director of Finance and Administration at More London Development Limited from 2003 to 2010. From 1998 to 2002, Mr Bull held senior commercial and finance roles, including Corporate Finance Director, Network Development Director and Finance Director, at Railtrack (now Network Rail). Prior to Railtrack, Mr Bull spent 14 years working in corporate finance roles for UBS. Mr Bull trained as a Chartered Accountant for KPMG.
Philippe Busslinger joined the Board of Associated British Ports Holdings Ltd in June 2011 and is Chairman of the Remuneration and Nomination Committee. Mr Busslinger is a Senior Managing Director of OMERS Infrastructure-Europe, based in the London office. Prior to joining OMERS Infrastructure, Mr Busslinger was an executive director with Goldman Sachs in its London office where he advised clients in M&A transactions across Europe. Previously he worked for McKinsey & Company as a consultant. Mr Busslinger holds an MBA from Columbia Business School in New York and a BA (Business) from ICADE Universidad Pontificia Comillas in Madrid.
James Bryce joined the Board of Associated British Ports Holdings Limited on 13 June 2018. He is Managing Director in Canada Pension Plan Investment Board's Portfolio Value Creation group, supporting management teams of individual investments to achieve full value potential. James also serves on the Board of Anglian Water. Prior to joining Canada Pension Plan Investment Board in 2012, James was Managing Director and Investment Committee member at Royal Bank Equity Finance (the private equity arm of RBS) where he spent 10 years focused on private equity and infrastructure transactions. Prior to that, James worked in the private equity team at JP Morgan Capital and was a pension fund manager at Hambros Bank. James holds an MA from the University of Oxford.
Eric Machiels joined the Board of Associated British Ports Holdings Ltd on 30 October 2017. Eric is currently the Managing Director, Asset Management in the London office of OMERS Infrastructure since October 2017. His main focus is to drive the delivery of value growth within OMERS portfolio companies by advising management teams, while drawing on his prior executive background in turning around and growing private equity-owned companies. He will also support OMERS transaction teams during asset acquisitions. Prior to his position at OMERS Infrastructure, Eric served for eight years as CEO of Infinis Energy, a renewable energy company, after he was seconded into the business from Terra Firma Capital Partners. Before joining Terra Firma, Eric held executive positions within two portfolio companies held by Clayton, Dubilier & Rice, a private US equity firm. Eric has a Licentiate in Law, magna cum laude, from the University of Leuven (Belgium) and an MBA from Harvard Business School.
George Kay is Head of Infrastructure and Europe for the Government of Singapore Investment Corporation (GIC) and has responsibility for European coverage. He has been with GIC since August 2006 and currently serves on the boards of Associated British Ports, the UK's largest port company, and was previously a board member of Railpool GmbH, the European locomotive leasing company, and Transport et Infrastructure Gaz France (TIGF), the French gas transmission and storage company, and AEI, a LATAM power generation and development company. Prior to joining GIC, he worked for the Commonwealth Bank of Australia as a Director of the Insfrastructure Group in Europe. He began his career at Westpac Banking Corporation in Sydney. George has a Bachelor of Commerce from University of Canterbury and a Master of Applied Finance from Macquarie University, Australia.
John Morea joined the Board of Associated British Ports Holdings Ltd in June 2011. He is currently CEO of Scotia Gas Networks (SGN), a £5.2bn company which owns and operates the gas distribution networks in Scotland and across central southern and south-east England, including all the London boroughs south of the River Thames and Northern Ireland. SGN employs around 6,000 staff and contractors across its regions and is responsible for the safe and secure provision of gas to some 5.9 million customers. SGN is a joint venture between Scottish and Southern Energy (33.3%), OMERS Infrastructure (25%), Ontario Teachers' Pension Fund (25%) and ADIA (16.7%). Mr Morea joined SGN in May 2005 from Scottish and Southern Energy Plc where he was Network Director with responsibility for the operation and asset management of SSE's electricity distribution networks. He has extensive experience of electricity distribution and a growing knowledge of gas. Mr Morea also sat on the SSE Management Board and isa Director of the Energy Networks Association and has over 30 years' experience in utilities; is a member of the Institution of Engineering & Technology and Institute of Directors and a Fellow of the Institution of Gas Engineers & Managers.
Stewart Hicks joined the Board of Associated British Ports Holdings Ltd in November 2013. He is currently also a Senior Advisor with Bamboo Finance, an impact investment fund, and sits on the Investment Committee of CDC, the UK government development fund. Mr Hicks worked at GIC, the Singapore Government sovereign wealth fund from 2008 to 2014; and sat on a number of boards of investee companies in India and Hong Kong. With GIC and his previous position in the International Finance Corporation (part of the World Bank Group) Mr Hicks evaluated projects for investment in both emerging and developed markets covering infrastructure, natural resources, engineering, manufacturing and pharmaceuticals. He has a further 15 years' general management experience managing business in competitive industries in the USA, Europe, India, Singapore, China, and Hong Kong, working for APW, VERO, BICC, M&M Mars, and British Aluminium. Mr Hicks holds an MBA with distinction from London Business School and has a Physics degree from the University of Oxford.
Hakim Drissi Kaitouni joined the Board of Associated British Ports Holdings Ltd in July 2015. Mr. Drissi Kaitouni has been the Managing Director of Wren House Infrastructure (WHI) since he founded it in October 2013 with US$5 billion of equity funding. Mr. Drissi Kaitouni is responsible for all WHI’s activities globally and is a member of its investment committee. He leads and coordinates all aspects of WHI’s mandate and business areas, including investments origination, execution and asset management. He drove WHI’s investments in Thames Water, Associated British Ports, Global Power Generation, Viesgo Infraestructuras Energéticas, London City Airport and Australia’s Transgrid. Prior to setting up Wren House, Mr. Drissi Kaitouni served as a senior banker in the Corporate Finance and Mergers & Acquisitions team within the Investment Banking Department of BoA Merrill Lynch based in London and New York. He is also non-executive board member of London City Airport and Viesgo Infraestructuras Energéticas where he chairs and is a member of committees of the board. He is an Alliance Member of the Atlantic Council. Mr. Drissi Kaitouni holds a bachelor degree in Computer Science from Queens College.
John Coghlan joined the Board of Associated British Ports Holdings Ltd in March 2016. He is a Non- Executive Director and Chairman of the Audit Committee of Severn Trent PLC. John also chairs the Freight Transport Association of Ireland. Mr Coghlan was previously Deputy Chief Executive and Group CFO of Exel PLC, where he spent 11 years from 1995 to 2006 until the takeover by Deutsche Post/DHL. Over the years since 2006, he has been a director of several publicly-quoted and private equity-owned companies across a variety of sectors. Prior to Exel PLC, he spent 8 years at the industrial company, Tomkins PLC, in a variety of financial roles, and 7 years at Arthur Andersen, where he qualified as a Chartered Accountant. In July 2017, John became a member of the Group Board and Chair of the Audit & Risk Committee at Clarion Housing Group. Mr Coghlan received a Business degree from University College, Cork in Ireland.
John Rishton joined the Board in November 2016. He is a Non- Executive Director and Chairman of the Audit Committees at Unilever, Informa and Serco. He was appointed to the board of MAF (Majid Al Futtaim) a subsidiary of a privately owned property business based in Dubai. He was previously Non-Executive Director and Chair of the Audit Committees at Rolls-Royce and Allied Domecq. John was Chief Executive of Rolls-Royce from 2011 until July 2015 when he retired. Prior to this he was Chief Executive of Ahold, a Dutch supermarket company where he worked from 2006 until 2011. Before this he worked for British Airways for 11 years and was CFO from 2001 until 2005. John started his executive career at Ford Motor Company where he worked for 16 years in the Finance Department. John is a Fellow of the Chartered Institute of Management Accountants and has an economics degree from Nottingham University.
Alternate Non-Executive Directors
Peter Hofbauer has over 30 years of financial services experience including 27 years of global infrastructure investing. He joined Hermes Infrastructure in late 2010 as Head of Infrastructure and has since led the successful fundraising and deployment of Hermes GPE Infrastructure Fund LP, the Management Committee. His previous roles include Global Head of Infrastructure at Babcock & Brown where he was involved in the origination and management of more than 170 assets ($25 billion) of infrastructure assets globally) and Associate Director at Westpac Banking Corporation, focusing on project finance and advisory services. Peter qualified as a Bachelor of Business at Swinburne University, Melbourne. He is a Chartered Accountant and a Chartered Tax Advisor.
Philip Butcher was appointed alternate director in June 2016. He is a Principal at Canada Pension Plan Investment Board (CPPIB) and is based in London. Prior to joining CPPIB in 2012, Mr Butcher worked at Macquarie Capital in Toronto where he started out in the Telecom, Media, Entertainment and Technology advisory team, and subsequently moved to the Infrastructure advisory team working on principal transactions and 3rd party mandates. Mr Butcher holds an MBA from London Business School and a Bachelor of Commerce from the University of Toronto.
Dmitry Yashnikov was appointed alternate director in November 2018. He is an Associate Director with OMERS Infrastructure’s European transaction team involved in the execution of new transactions and management of portfolio companies. Prior to joining OMERS Infrastructure in October 2013, Mr Yashnikov worked in Citigroup’s European Transportation and Infrastructure M&A team in London. Dmitry holds a Bachelor of Science (Hons) from the London School of Economics and Political Science.
Greg Pestrak was appointed alternate director in January 2018. He is an Executive Vice President at Wren House Infrastructure, where his focus is on Asset Management across the portfolio, which in addition to ABP, includes other regulated and non-regulated global assets. Prior to joining Wren House, Greg was a Partner in KPMG’s Global Strategy Group based in the UK, where he was the Infrastructure lead since 2009. Greg has over 17 years consulting experience, working with Investors and Corporates to drive performance improvement in response to transactions, changes in the market, customer or regulatory environment or financial pressure, bringing an independent and constructively challenging perspective to business and operating models. Greg’s recent experience includes leading engagements in the UK and Globally in the Water, Power Generation, Transmission and Distribution, Telecoms, Transport and Infrastructure Services sectors. Prior to his career in consulting, Greg worked in Finance with Rothschild Asset Management and Jardine Fleming Asset Management in Hong Kong and the UK. Greg holds a Sloan Fellowship Masters in Management from the London Business School and B.A. from The University of King’s College, Canada.