Pensions Infrastructure Platform (PiP) today announces that its CEO Mike Weston has decided to step down after four years leading the business and that it has appointed Paula Burgess, formerly COO, as the new CEO.
PiP was designed by pension funds for pension funds. By securing investment commitments and external investments of close to £2bn, PiP has successfully achieved the initial goals set out at its establishment.
After achieving authorisation from the Financial Conduct Authority in 2016, Mike built PiP into an established UK infrastructure investment manager which has deployed UK pension scheme capital into infrastructure assets, including renewable energy, transport and social infrastructure. PiP is now actively managing these assets to deliver secure, long term inflation linked cash flows for its pension scheme investors.
The PiP Board thanks Mike for his valuable contribution and wishes him well for his future career.