Changes to Invesis Management Board
Bunnik, the Netherlands, 22 August 2022 - The shareholders of Invesis today announced that Kieron Meade, Chief Executive Officer, will be stepping down from his position to retire at the end of the year. Invesis’ Chief Finance Officer, Chris Williams, has been announced as his successor and will take on the role of CEO with effect from 1 November 2022. Mr Meade will remain as a Board Director until the end of the year to facilitate the transition.
Kieron Meade has over 40 years’ experience of working in the construction and PPP industry, much of which has been spent working for or with Royal BAM Group, starting in the UK construction business before joining Invesis (formerly BAM PPP) as Commercial Director in 2005. He became a Management Board Director in 2009 and CEO in 2015.
Mr Meade said: ‘It has been a huge privilege to serve as CEO at Invesis and I am incredibly proud of all that our team has collectively achieved over my 17 years at the company. Together with my colleagues we have built a strong operational and financial foundation, recently extending our product offering by diversifying into new global markets and sectors. We have created significant value for our clients, shareholders and partners and successfully positioned the company for continued growth. With the company operating from a position of strength and in the process of developing its strategic plan for the next five years I believe that now is the right time to hand over to Chris to continue the journey of growth that the company is on.’
Chris Williams is a chartered accountant with over 20 years’ experience within the PPP sector. Having joined Invesis in 2005 from PwC, he was appointed Investments Director in 2009 before becoming Chief Finance Officer in 2016, and as such has been an integral part of the long term business growth and success enjoyed to date.
As CEO Mr Williams will be responsible for delivering Invesis’ new strategy 2023-2027 establishing Invesis as a global investor developer in sustainable infrastructure. Incorporating core PPP/P3 projects in both Invesis’s home and new markets whilst broadening the portfolio to core + sectors such as digital infrastructure and energy transition.
Ruud Joosten, CEO of Royal BAM Group, added: ‘On behalf of Royal BAM Group, we would like to thank Kieron for his outstanding service and commitment to the Group over the last 30 years, in particular his stewardship in transforming Invesis to a global investor developer of sustainable infrastructure. Chris’s skills and experience are a huge asset to the business and will facilitate Invesis continuing to be a trusted partner to all of their clients and partners.’
Natasha Mol-Knechtel, Head of PPP and Social Infrastructure investments at PGGM, said: ‘Kieron has provided steady and insightful leadership, including through challenging times, has significantly strengthened the business, positioning it for strong long term growth. I wish him a long, happy and healthy retirement. PGGM has worked closely with Chris over the last 11 years, when the initial Invesis-PGGM joint venture was formed, and feel his appointment brings valuable continuity to all stakeholders and we very much look forward to continuing to work with him as the new CEO.’
Invesis transforms lives through sustainable infrastructure. We are a global investor and developer in infrastructure projects that create a lasting legacy for future generations. Our experts manage all aspects of an investment from development and financing to design, construction, maintenance, operations and all the way through to handback. Whether transportation, social infrastructure, energy transition projects or digital infrastructure, our team has the expertise, knowledge and commitment to ensure every project succeeds. Invesis provides clarity, certainty and confidence in every project, so that our clients and partners can exceed expectations, deliver value and create a better future for us all.
Invesis currently has a portfolio of 50 projects, with a capital value of EUR 12 billion including iconic projects such as the Afsluitdijk in the Netherlands, Silvertown Tunnel in the UK, Cross River Rail in Australia and University Hospital Schleswig-Holstein in Germany.
Invesis is headquartered in the Netherlands and has staff based in seven countries. It is jointly owned by the construction and civil engineering company Royal BAM Group and pension fund manager and global investor, PGGM.
Royal BAM Group nv designs, builds and maintains high quality, sustainable buildings, homes, and infrastructure for public and private sector clients. Using the latest industry innovations, our 15,000 employees reduce the carbon footprint of the built environment, whilst delivering increased well-being and social value to the communities we serve. With annual revenues of approximately €7 billion, the Group supports clients through two main divisions (Netherlands, and United Kingdom and Ireland) and a PPP business. Royal BAM Group nv is listed on the Amsterdam Euronext exchange. Building a sustainable tomorrow.
PGGM is a not-for-profit cooperative pension fund service provider. As a pensions administrator, asset manager and advisor to pension fund boards, it executes its social mandate: to provide for good old-age incomes for 4.4 million participants in the Netherlands. As of June 30, 2022 PGGM managed long-term pension capital of c. EUR 241 billion worldwide. Rooted firmly in the Dutch healthcare sector, PGGM develops innovative provisions for labour market issues in this sector, alone or with strategic partners. Our member organization PGGM&CO supports 764,000 workers and pensioners with a background in healthcare. www.pggm.nl