- 3i Infrastructure has appointed Richard Laing as chairman, with effect from 1 January to succeed Peter Sedgwick.

The group says Laing has an in-depth understanding of investing in infrastructure from his time as Finance Director and subsequently CEO of CDC Group plc, a private equity and infrastructure investor. Laing has substantial experience of investment trusts and is currently a non-executive director of JP Morgan Emerging Markets Investment Trust plc and Perpetual Income and Growth Investment Trust plc. He also brings strong international experience, having worked across Europe, the US and emerging markets.

Laing is currently non-executive Chairman of Miro Forestry as well as a non-executive director of Leeds Castle Foundation.

Sedgwick said: "I am delighted that Richard has been chosen as my successor. He has extensive experience of the infrastructure sector and is a seasoned non-executive director across both quoted and private companies."

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