Key executive hires bolster Plenary US team
Published 23 August 2013
LOS ANGELES, CA – Plenary Group USA is pleased to announce three new executive hires that will further strengthen its growing US-based business.
Stuart Marks will join as a senior member of the company’s commercial origination team, based in Los Angeles, while Matt Girard will lead Plenary’s US project development and delivery functions. Matt will be based in Denver where he will be joined by Terry Ostrom, who will add significant depth to Plenary’s civil infrastructure delivery capabilities. Plenary’s new Denver presence will assume responsibility for the delivery and operation of the company’s US 36 Managed Lanes project.
Stuart, Matt and Terry bring decades of combined infrastructure experience to the company’s ranks. “Today’s announcement reflects the depth of our commitment to the US PPP market”, said Paul Dunstan, President of Plenary Group North America. “We are optimistic about the outlook for PPP across the US and we will continue to make key strategic hires that reflect the evolving requirements of our growing business.”
Plenary Group is currently pursuing a number of PPP projects across the country, including I-69, SH183, Portsmouth Bypass, Long Beach Civic Centre, and the Houston Justice Complex. The company will also be reaching financial close on the US 36 Managed Lanes project later this year.
“As we look ahead to the developing US pipeline, we see a significant amount of growth for PPP in the infrastructure market and we are clearly positioning to capitalize on those opportunities”, said Dale Bonner, Chairman of Plenary Group USA.
“These strategic hires for Plenary will bolster our US team with seasoned professionals, and we are thrilled that they have agreed to join the Plenary team.”
Senior Vice President
Plenary Group (USA) Ltd has appointed Matt Girard to the position of Senior Vice President (effective August 26, 2013). Based in Denver CO, Matt will oversee the project development and delivery, including technical solutions for all Plenary US pursuits and delivery of secured projects across the country. Matt will also drive business development, including client relationships, project identification and teaming activities to facilitate Plenary’s growth in the US.
Matt has a strong track record of senior project management roles for design and construction firms, with particular expertise in the development and delivery of heavy civil infrastructure and alternative delivery projects, including over $3 billion under PPP models over the last 10 years in both the Canadian and U.S. PPP markets. Having worked in the industry for over 20 years, Matt’s experience spans numerous roles in the design and construction of civil infrastructure, including Engineer, Estimator, Project Manager, and Executive Vice President for Business Development at Flatiron Constructors, and most recently Director of Alternative Delivery for AECOM, a pre-eminent global design firm, and also the lead design firm for Plenary Roads Indiana on the I-69 project in Indiana.
Matt holds a Bachelor and a Master of Science in Civil Engineering & Construction Management from the University of Colorado - Boulder, and is an STS Construction Safety Trained Supervisor. He is also a DBIA Designated Design-Build Professional.
Senior Vice President
Plenary Group (USA) Ltd. has appointed Stuart Marks to the position of Senior Vice President (effective September 1, 2013). Based in Los Angeles, Stuart will lead Plenary’s US origination activities, including directing bidding consortia across all aspects of project development and overseeing all project financing, structuring and commercial activities.
Stuart brings 15 years of project finance and public-private partnership experience both internationally and most recently in the U.S. He has led and managed bidding consortia from the RFP phase through to successfully reaching financial close under a variety of risk allocation approaches including DBFOM and DBFM models in both the social infrastructure and transportation sectors.
Prior to joining Plenary Group this year, Stuart worked in a similar capacity for a number of infrastructure investment funds and developers including InfraRed Capital Partners and Meridiam Infrastructure in the U.S. and ABN AMRO’s Infrastructure Capital group in Australia.
Stuart holds a Bachelor of Law from University of Queensland (Australia), Grad Diploma in Applied Finance & Investment from the Securities Institute of Australia, and Masters of Business Administration from INSEAD (France).
Vice President Project Delivery
Plenary Group (USA) Ltd. has appointed Terry Ostrom to the position of Vice President Project Delivery. Based in Denver CO, Terry will initially oversee the design, construction, and operations, maintenance and rehabilitation of Plenary’s US36 Managed Toll Road Project. His experience and expertise will also strengthen Plenary’s pursuit and project delivery capacity across all projects in the US.
Terry brings over 26 years of experience in the construction industry most of which have been in the heavy civil sector; roads and bridges, water treatment plants and structural concrete. His leadership and expertise have been directly responsible for the success of the projects, divisions and companies that he has managed, and his experience will help to build Plenary Group’s civil infrastructure team and credentials, as the company expands its operations across the USA.
Terry began his career at Flatiron. Over the next 10 years he held progressive positions from field engineer to area manager. In 1997 Terry and a Flatiron colleague started their own construction company, BTE Concrete, based in Glenwood Springs, Colorado. Terry served as operations manager until 2002 then general manager until 2009. In 2007, he acquired 100% ownership from his partner and eventually sold BTE to Flatiron in 2009 where he remained employed until joining Plenary Group.
Terry holds a Bachelor of Science in Industrial Construction Management from Colorado State University and an MBA from National University (San Diego, CA). He is also a Safety Trained Supervisor (STS).