Blackstone brings in energy veteran Conn following troubled tenure as Centrica CEO | AltAssets Private Equity News
Summary
Global private equity giant Blackstone has brought in former Centrica CEO Iain Conn as a senior advisor for energy and sustainability investing. Never miss a story – click to sign up to AltAssets’ free daily PE newsletter Blackstone said Conn would bring his “deep knowledge of the energy sector, climate and sustainability” to advise across the firm’s infrastructure and energy businesses. Sean Klimczak, global head of Blackstone Infrastructure Partners, said, “Iain’s knowledge of the energy sector will be invaluable as we invest in infrastructure that supports the energy transition toward a more sustainable, decarbonized future. “I’m excited to see what the future holds for the firm and the Blackstone portfolio.” Conn spent almost 30 years with BP, latterly as CEO Downstream from 2007 to 2014, before being named group chief executive of UK gas and electricity major Centrica. ILG is a data-driven and tech-enabled provider of interior design, supply chain and installation management to single-family homebuilders.