MIC appoints new CFO

Macquarie Infrastructure Corp. (NYSE: MIC) says that Liam Stewart has been seconded by the company’s manager, Macquarie Infrastructure Management (USA), to serve as CFO of MIC, effective June 30.

Stewart succeeds Todd Weintraub, who was employed by Macquarie and seconded to MIC in May of 2005. Weintraub was appointed CFO of the company in November 2008.

Stewart joined Macquarie and has worked with MIC since April 2014, serving as asset director for MIC’s Atlantic Aviation business since that time. In addition, he has led various holding company level projects including the buildout of MIC’s Contracted Power and Energy segment.

From 2009 through 2013, Stewart served as senior vice president and management partner at Global Tower Partners, then a Macquarie-affiliated private real estate investment trust owning and operating cellular communications towers in the US, Mexico, Costa Rica, and Panama. At Global Tower Partners, he led the firm’s debt and equity financings, business planning, capital expenditure initiatives, and financial planning and analysis functions. Prior to joining Global Tower Partners, Stewart was employed by Macquarie Group with responsibility for listed media and telecommunications investments in North America.

Stewart received a Master of Business Administration degree from the Kellogg School of Management at Northwestern University. He also holds both Bachelor of Arts and Bachelor of Laws degrees from the University of New South Wales.

Weintraub will remain employed by Macquarie and seconded to MIC through Dec. 31 to assist in the orderly transitioning of responsibilities to Stewart. He has also agreed to continue to serve as member of the boards of MIC’s Atlantic Aviation and IMTT subsidiaries on an ongoing basis.

Concurrent with the appointment of Stewart, Robert Choi has been elected by the MIC board of directors to serve as its principal accounting officer. Choi has served as MIC’s controller and vice president of financial reporting since November 2008. Before joining Macquarie, Choi was responsible for external financial reporting at Time Warner Inc. and, prior to that, at Citigroup. Choi is a certified public accountant and is licensed by the State of New York.

 

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