Octopus Renewables Infra Trust PLC Appointment of New Director (0768B)
31 Maggio 2023 - 8:00AM
UK Regulatory
TIDMORIT
RNS Number : 0768B
Octopus Renewables Infra Trust PLC
31 May 2023
31 May 2023
LEI: 213800B81BFJKWM2JV13
Octopus Renewables Infrastructure Trust plc
("ORIT" or the "Company")
Appointment of New Director
The Board of Octopus Renewables Infrastructure Trust plc is
pleased to announce the appointment of Sarim Sheikh as an
independent Non-Executive Director of the Company with effect from
1 June 2023.
Mr Sheikh has more than 25 years' experience of working in the
energy sector across Europe, Latin America, Africa, and Asia. He
started his career with Shell in 1995, rising to Chair and CEO of
Shell Pakistan Limited, a Pakistan Stock Exchange-listed company
with a turnover of US$2.8bn in 2011. In 2012 he joined General
Electric (GE), as President and CEO for the Central Asia Region,
and served as Chief Growth Officer for the Middle East, North
Africa, and Turkey, working across energy, transportation, and
healthcare. Within his energy remit, his experience included
participating in new generation bids, power fleet asset
performance, complex project execution, and developing and
implementing a regional wind investment case. In 2019 Mr. Sheikh
became Chief Operating Officer for GE Offshore Wind, helping scale
up the business after its acquisition by and integration into
GE.
He has deep expertise in energy markets and technology,
including onshore and offshore wind, solar, hydro, and biomass from
various commercial, business development, and operational
roles.
Mr. Sheikh has served as a chair and non-executive director on
boards of listed, non-listed and non-profit companies. Whilst at GE
he received the 'Chairman's Leadership Award' and under his
leadership, Shell Pakistan Limited was awarded the Pakistan Stock
Exchange's "Top Companies Award" for corporate governance,
financial performance, shareholder value, and sustainability. Mr
Sheikh holds an MBA from London Business School.
Phil Austin, Chair of the Company, said: "On behalf of all the
Directors, I am delighted to welcome Sarim to the Board and we very
much look forward to working with him. Sarim has extensive
experience in the industry, including particular expertise in
offshore wind, and a strong desire to accelerate humanity's
transition towards net zero. I have no doubt that he will be an
extremely valuable member of the Board".
Upon appointment, Mr Sheikh will be a member of all Board
committees. Mr Sheikh does not currently hold any shares in the
Company. There is no information to be disclosed in respect of
paragraphs 9.6.13(2) to 9.6.13(6) of the Financial Conduct
Authority's Listing Rules.
E nquiries:
Company Secretary +44 20 3327
Apex Listed Companies Services (UK) Limited 9720
About Octopus Renewables Infrastructure Trust
Octopus Renewables Infrastructure Trust ("ORIT") is a
closed-ended investment company incorporated in England and Wales
focused on providing investors with an attractive and sustainable
level of income returns, with an element of capital growth, by
investing in a diversified portfolio of renewable energy assets in
Europe and Australia. ORIT's investment manager is Octopus Energy
Generation.
Further details can be found at www.octopusrenewablesinfrastructure.com
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