Macquarie Infrastructure Company Appoints New President and CEO of HAWAIʽIGAS
NEW YORK--(BUSINESS WIRE)-- Macquarie Infrastructure Company (NYS: MIC) announced that it has appointed Alicia Moy to the position of President and Chief Executive Officer (CEO) of its HAWAIʽIGAS business.
Ms. Moy succeeds Jeffrey M. Kissel, who has served as President and CEO of the business since 2007. Mr. Kissel has decided upon early retirement in order to focus more time on his work on economic initiatives to lower the cost of doing business in Hawaii.
"I'm thrilled and honored to become part of the HAWAIʽIGAS team," said Ms. Moy. "HAWAIʽIGAS is a critical part of Hawaii's clean energy future and I'm proud to join this group of dedicated energy professionals that have provided safe and reliable gas service to the people of Hawaii for more than 100 years."
Ms. Moy worked on the acquisition of HAWAIʽIGAS on behalf of Macquarie Infrastructure Company (MIC), in 2005 and 2006. Since then, she has overseen MIC's investment in HAWAIʽIGAS and has been a member of the Board of Directors of HAWAIʽIGAS since 2011. Ms. Moy has led a number of initiatives on behalf of HAWAIʽIGAS, including the successful refinancing of its long-term debt in 2012.
Since joining the Macquarie Group in 2001, Ms. Moy has gained extensive leadership experience with several Macquarie-managed utility businesses in North America, including the development, funding, and execution of their strategic plans. As an energy insider, her experience has been and will continue to be an important asset to HAWAIʽIGAS. Ms. Moy began her career in the Investment Banking division of Morgan Stanley in New York.
"We're extremely pleased to be able to place the leadership of HAWAIʽIGAS in Alicia's hands. Having overseen our acquisition of HAWAIʽIGAS and worked with the business for the past eight years, she is the logical successor. We have complete confidence in Alicia, given her talent and deep knowledge of the business and her vision for the next phase of its growth," said James Hooke, Chairman of the Board of HAWAIʽIGAS and CEO of MIC.
"We appreciate the contributions Jeff Kissel has made," Mr. Hooke continued. "The company has continued to grow and prosper during his tenure."
HAWAIʽIGAS is the owner and operator of the only regulated ("utility") gas processing and pipeline distribution network in the Hawaiian Islands. The business is also the owner and operator of the largest unregulated ("non-utility") propane gas distribution business on the islands.
About Macquarie Infrastructure Company
Macquarie Infrastructure Company owns, operates and invests in a diversified group of infrastructure businesses providing basic services to customers in the United States. Its businesses consist of a gas processing and distribution business, Hawaii Gas, a controlling interest in a District Energy business in Chicago, and a 50% interest in a bulk liquid storage terminal business, International-Matex Tank Terminals. MIC also owns and operates an airport services business, Atlantic Aviation and two solar power generation facilities, collectively MIC Solar. 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
MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of MIC 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 MIC.
About Hawaii Gas
The Gas Company, doing business as HAWAIʽIGAS, is a wholly owned subsidiary of Macquarie Infrastructure Company. HAWAIʽIGAS is Hawaii's only government franchised full-service gas company, manufacturing and distributing gas in Hawaii. The market includes Hawaii's approximately 1.4 million residents and nearly 8 million visitors. HAWAIʽIGAS manufactures synthetic natural gas, or SNG, for its utility customers on Oahu, and distributes Liquefied Petroleum Gas, or LPG, to utility and tank and bottled gas customers throughout the state's six primary islands. For additional information please visit www.hawaiigas.com. (www.hawaiigas.com)
Macquarie Infrastructure Company
Jay A. Davis, 212-231-1825
Paula Chirhart, 212-231-1310
KEYWORDS: United States North America Hawaii New York
The article Macquarie Infrastructure Company Appoints New President and CEO of HAWAIʽIGAS originally appeared on Fool.com.
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