iCON Infrastructure’s Capstone announces management changes

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By CPE News

Toronto (pcJ News Briefs) – Capstone Infrastructure Corporation (TSX: CSE.PR.A), a portfolio company of iCON Infrastructure LLP, has named Andrew Kennedy as CFO and a member of the board of directors, effective April 1, 2017.

Kennedy has been with Capstone since its inception in 2011, most recently as Vice President, Finance and as Chief Financial Officer of Capstone Power Corp., Capstone’s power subsidiary. Prior to joining Capstone, he was the Vice President of Finance with Capstone’s predecessor, Macquarie Power and Infrastructure Corporation, and also held progressively senior roles at Ernst & Young, where he specialized in public company financial reporting. Kennedy is a Chartered Professional Accountant (CPA) and is a member of both CPA Ontario and the American Institute of CPAs in Illinois.

Michael Smerdon, Capstone’s outgoing CFO, will assume the position of CEO of iCON Infrastructure Canada Inc., a subsidiary of iCON Infrastructure LLP, the UK-based investment advisory business that led the acquisition of Capstone in 2016.

Smerdon will lead the activities of iCON Canada, with responsibility for driving investments and growth across Canada and the US. He will remain on Capstone’s board of directors.