Plenary announces new Asia Pacific CEO
Published 26 September 2019
SYDNEY, AUSTRALIA: Plenary has announced David Lamming will be appointed Asia Pacific CEO, taking over from Paul Oppenheim from 1 January 2020.
Mr Lamming has been an important leader in the Plenary business since its establishment in 2004. Formerly the Head of Origination, he currently holds the position of Chief Investment Officer.
Plenary Chairman John O’Rourke said that David will lead an experienced and talented team of finance, construction and asset management executives that are primed to take the business into the future.
“David has been outstanding in every role he has filled at Plenary and the board is very confident about further success under his leadership,” Mr O’Rourke said.
Mr O’Rourke also noted the extraordinary success of founding CEO Paul Oppenheim over nearly 16 years.
“We established Plenary in 2004, a small group of 10 people with big ideas and no projects. Paul has been exceptional, creating the largest dedicated PPP business in Australia and helping establish our North American operations. Globally we now employ 250 people and actively manage 48 infrastructure assets with a capital value of over $33 billion. Paul’s fellow shareholders and directors are enormously appreciative of his dedication and for the skillful and strategic leadership he has provided.”
Mr Oppenheim said, “It is time for the next generation of leaders to assume responsibility for the business. We have a transition plan in place that will allow David a seamless changeover from January. A hallmark of Plenary’s approach is the personal engagement executives have with our partners and clients. Over coming months David and I will be speaking to our key stakeholders, sharing our views on emerging opportunities and Plenary’s aspirations under David’s leadership.”
Mr Lamming said, “From a standing start in 2004, Plenary has grown to become the pre-eminent developer and manager of public infrastructure in Australia. Our exemplary track-record, market positioning relative to the project pipeline, the calibre of our people and our partnership with CDPQ, form a really strong platform from which to pursue further growth. I am grateful for the confidence the board and the senior executive team have shown in me and I’m very much looking forward to leading Plenary into the 2020s.”
Mr Oppenheim will remain a shareholder of Plenary alongside fellow founders John O’Rourke and Ray Wilson.
He will also remain a non-executive director of Plenary Asia Pacific, Plenary North America and the Sydney Metro project board.
Pictured (L-R): John O'Rourke, David Lamming and Paul Oppenheim
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