The Cubico Board aims to promote the company’s long term success, deliver sustainable value and encourage a culture of openness and debate.

The Board’s role is to provide leadership within a framework of prudent and effective controls. It achieves this by agreeing the strategy and overseeing its delivery in a sustainable manner, establishing the values and culture of the organisation, ensuring risk management systems are robust and monitoring financial and operational performance.

The Board of Directors’ balanced qualitative and quantitative composition is essential for it to have proper representation to perform its duties with a unity of purpose and independent judgement so that it can operate effectively. This includes ensuring that, in its composition, there is an appropriate number of independent directors.

Our Board members are selected for the expertise, experience and diverse perspectives they can lend to our organisation. The Board of Directors sets high standards for our employees, officers and directors, and regularly reviews principal policies related to our governance.

Chairman
Karen de Segundo

Board members
Jean-Bastien Auger
Priscilla Davies
Patrick Gut
Chris Ireland
Maria Morsillo
Tony Poulter
Stephen Riley
Jens-Peter Saul

Secretary of the Board of Directors
Olga Garcia

Karen de Segundo

Chairman

After an international career of 35 years at Shell in downstream, gas and power and renewable energy businesses, Karen became Non-Executive Director on the Boards of companies as diverse as Ahold, Lonmin, Poyry and British American Tobacco.

She is currently chairman of the board of Cubico, member of the supervisory board of E.on SE and chairs the investment committee of EQT Infrastructure Funds III, IV and V.

Karen de Segundo

Chairman

After an international career of 35 years at Shell in downstream, gas and power and renewable energy businesses, Karen became Non-Executive Director on the Boards of companies as diverse as Ahold, Lonmin, Poyry and British American Tobacco.

She is currently chairman of the board of Cubico, member of the supervisory board of E.on SE and chairs the investment committee of EQT Infrastructure Funds III, IV and V.

Jean-Bastien Auger

Shareholder representative

Jean-Bastien Auger is Senior Director in the Value Creation Group, Private Markets at the Public Sector Pension Investment Board (PSP Investments). Jean-Bastien focuses on capital investment and investment management for the energy and transportation sectors. Jean-Bastien has over 18 years of experience in the financial industry, including in providing advisory services and being a private equity investment professional in the infrastructure sector. Over the last 10 years, Jean-Bastien has been heavily engaged in building the Infrastructure Investments portfolio at PSP Investments by actively overseeing, participating in and/or leading investment transactions.

Jean-Bastien is also the Chairman of the Board Investment Committee for Cubico.

Jean-Bastien Auger

Shareholder representative

Jean-Bastien Auger is Senior Director in the Value Creation Group, Private Markets at the Public Sector Pension Investment Board (PSP Investments). Jean-Bastien focuses on capital investment and investment management for the energy and transportation sectors. Jean-Bastien has over 18 years of experience in the financial industry, including in providing advisory services and being a private equity investment professional in the infrastructure sector. Over the last 10 years, Jean-Bastien has been heavily engaged in building the Infrastructure Investments portfolio at PSP Investments by actively overseeing, participating in and/or leading investment transactions.

Jean-Bastien is also the Chairman of the Board Investment Committee for Cubico.

Priscilla Davies

Independent Director

Priscilla Davies has over 25 years of experience in financial services across a range of sectors including asset management, infrastructure, renewables and alternative investments. During her executive career Priscilla held various senior positions at Janus Henderson and was Managing Director of the Private Equity business.  She is currently a Non-Executive Director and Chair of UBS Asset Management UK Ltd and Sterling ISA Managers Ltd. Priscilla is Chartered Accountant and a member of the Chartered Accountants Australia and New Zealand.

Priscilla is also the Chairman of the Audit Committee for Cubico.

Priscilla Davies

Independent Director

Priscilla Davies has over 25 years of experience in financial services across a range of sectors including asset management, infrastructure, renewables and alternative investments. During her executive career Priscilla held various senior positions at Janus Henderson and was Managing Director of the Private Equity business.  She is currently a Non-Executive Director and Chair of UBS Asset Management UK Ltd and Sterling ISA Managers Ltd. Priscilla is Chartered Accountant and a member of the Chartered Accountants Australia and New Zealand.

Priscilla is also the Chairman of the Audit Committee for Cubico.

Patrick Gut

Shareholder representative

Patrick Gut is a Director in the Infrastructure Investments group at the Public Sector Pension Investment Board (PSP Investments). Patrick has over 10 years of experience in the investment industry having previously worked in the investment banking division at a leading Canadian bank covering power and utilities among other sectors. Since joining PSP Investments in 2017, Patrick has been focused on capital deployment and investment management mainly in the energy sector and is currently also on the Board of H2O Power Holding LP, a wholly-owned platform that owns and operates hydroelectric generating stations in North America.

Patrick Gut

Shareholder representative

Patrick Gut is a Director in the Infrastructure Investments group at the Public Sector Pension Investment Board (PSP Investments). Patrick has over 10 years of experience in the investment industry having previously worked in the investment banking division at a leading Canadian bank covering power and utilities among other sectors. Since joining PSP Investments in 2017, Patrick has been focused on capital deployment and investment management mainly in the energy sector and is currently also on the Board of H2O Power Holding LP, a wholly-owned platform that owns and operates hydroelectric generating stations in North America.

Chris Ireland

Shareholder representative

Chris Ireland is responsible for leading the Greenfield and Renewables investment mandate for Ontario Teachers’ Pension Plan’s (Ontario Teachers’) Infrastructure team. Chris led Ontario Teachers’ investments into Anbaric Development Partners and STEM, Inc., and other innovative ways to invest in and support the transition to low carbon energy. He has served as a board member on a number of infrastructure companies. Prior to joining Ontario Teachers’, Chris was an investment banker, a project developer for fossil and renewable power projects, and an engineer for a large EPC company.

Chris Ireland

Shareholder representative

Chris Ireland is responsible for leading the Greenfield and Renewables investment mandate for Ontario Teachers’ Pension Plan’s (Ontario Teachers’) Infrastructure team. Chris led Ontario Teachers’ investments into Anbaric Development Partners and STEM, Inc., and other innovative ways to invest in and support the transition to low carbon energy. He has served as a board member on a number of infrastructure companies. Prior to joining Ontario Teachers’, Chris was an investment banker, a project developer for fossil and renewable power projects, and an engineer for a large EPC company.

Maria Morsillo

Shareholder representative

Maria Morsillo is a member of the Infrastructure’s Value Creation & Analytics team in Ontario Teachers’ Pension Plan (Ontario Teachers’), which has a broad mandate to assist in value creation activities across the Infrastructure & Natural Resources Portfolio. In the past, she has held numerous board positions such as at Birmingham Airport, GCT Global Container Terminals, Saesa and Express Pipeline. Prior to joining Ontario Teachers’ in 2006, Maria was a Corporate Development Manager at Canadian National Railway and worked at CH2M Hill, a large environmental engineering consulting firm.

Maria is also the Chairman of the Remuneration and HSE committees for Cubico.

Maria Morsillo

Shareholder representative

Maria Morsillo is a member of the Infrastructure’s Value Creation & Analytics team in Ontario Teachers’ Pension Plan (Ontario Teachers’), which has a broad mandate to assist in value creation activities across the Infrastructure & Natural Resources Portfolio. In the past, she has held numerous board positions such as at Birmingham Airport, GCT Global Container Terminals, Saesa and Express Pipeline. Prior to joining Ontario Teachers’ in 2006, Maria was a Corporate Development Manager at Canadian National Railway and worked at CH2M Hill, a large environmental engineering consulting firm.

Maria is also the Chairman of the Remuneration and HSE committees for Cubico.

Tony Poulter

Shareholder representative

Tony Poulter is one of the Public Sector Pension Investment Board (PSP Investments) nominees to the Cubico Board. He is also on the Boards of the UK Department for Transport and the UK Green Infrastructure Platform. He was previously the Senior Independent Director at the Green Investment Bank and Chairman of the Pension Infrastructure Platform. He was a partner in PwC for many years and led its businesses in Project Finance, then Asia-Pacific Advisory and finally Global Consulting.

Tony Poulter

Shareholder representative

Tony Poulter is one of the Public Sector Pension Investment Board (PSP Investments) nominees to the Cubico Board. He is also on the Boards of the UK Department for Transport and the UK Green Infrastructure Platform. He was previously the Senior Independent Director at the Green Investment Bank and Chairman of the Pension Infrastructure Platform. He was a partner in PwC for many years and led its businesses in Project Finance, then Asia-Pacific Advisory and finally Global Consulting.

Stephen Riley

CEO and Executive Director

Stephen is Chief Executive Officer of Cubico and has ultimate responsibility for the execution of the company’s strategy and day-to-day management.

A chartered engineer and Fellow of the Institution of Mechanical Engineers with more than 35 years’ experience in the power industry, Stephen has extensive knowledge of the energy, finance and infrastructure sectors.

He was previously a Director on the Group Board of International Power plc, and Regional Director for Europe, responsible for plant operations, financial performance, energy trading and business development across the European portfolio. During this time, he led the company’s growth in renewables in Italy, Germany, the Netherlands and the UK. Prior to this, he was Regional Director for Australia, with responsibility for the financial and operational performance of existing assets and growth in the region, which included the company’s first ever wind-farm and gas pipeline developments.

Earlier in his career, Stephen held a range of diverse senior roles including power station manager, Head of Energy Trading and Head of Group Strategic & Financial Planning.

Stephen Riley

CEO and Executive Director

Stephen is Chief Executive Officer of Cubico and has ultimate responsibility for the execution of the company’s strategy and day-to-day management.

A chartered engineer and Fellow of the Institution of Mechanical Engineers with more than 35 years’ experience in the power industry, Stephen has extensive knowledge of the energy, finance and infrastructure sectors.

He was previously a Director on the Group Board of International Power plc, and Regional Director for Europe, responsible for plant operations, financial performance, energy trading and business development across the European portfolio. During this time, he led the company’s growth in renewables in Italy, Germany, the Netherlands and the UK. Prior to this, he was Regional Director for Australia, with responsibility for the financial and operational performance of existing assets and growth in the region, which included the company’s first ever wind-farm and gas pipeline developments.

Earlier in his career, Stephen held a range of diverse senior roles including power station manager, Head of Energy Trading and Head of Group Strategic & Financial Planning.

Jens-Peter Saul

Independent Director

Jens-Peter Saul has broad international management and leadership experience based from various executive positions within the engineering & consulting as well as energy industries. He has held several international management positions within Siemens Energy including the position as President and CEO of Siemens Wind Power. Jens-Peter joined Ramboll as Group President and CEO in 2012. Since then, Jens-Peter has transformed the company into a global player in the Engineering and Consulting Industry. An achievement for which he was awarded European CEO of the year by the Association of Consulting Engineers (ACE) in 2017.

Jens-Peter Saul

Independent Director

Jens-Peter Saul has broad international management and leadership experience based from various executive positions within the engineering & consulting as well as energy industries. He has held several international management positions within Siemens Energy including the position as President and CEO of Siemens Wind Power. Jens-Peter joined Ramboll as Group President and CEO in 2012. Since then, Jens-Peter has transformed the company into a global player in the Engineering and Consulting Industry. An achievement for which he was awarded European CEO of the year by the Association of Consulting Engineers (ACE) in 2017.

Olga Garcia

General Counsel and Secretary of the Board

Olga is General Counsel and Head of Corporate Affairs at Cubico, responsible for overseeing board governance and all legal, compliance, human resources and communications matters. She is also the Group Secretary. With more than 25 years of international experience in the financial and infrastructure sectors, she is an expert in corporate governance, ESG matters, mergers and acquisitions, project finance and managing legal risk in a global environment.

Olga is Secretary of all Board committees.

Olga Garcia

General Counsel and Secretary of the Board

Olga is General Counsel and Head of Corporate Affairs at Cubico, responsible for overseeing board governance and all legal, compliance, human resources and communications matters. She is also the Group Secretary. With more than 25 years of international experience in the financial and infrastructure sectors, she is an expert in corporate governance, ESG matters, mergers and acquisitions, project finance and managing legal risk in a global environment.

Olga is Secretary of all Board committees.