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Infratil gets former Telecom CFO

Monday 28th January 2008

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Former Telecom chief financial officer Marko Bogoievski has been appointed chief operating officer of Morrison & Co and Infratil.

Bogoievski joined Telecom in May 2000 from the United States and has held a number of senior financial, operational and sales roles with Lion Nathan, Ansett, Elders Finance Group and Price Waterhouse.

At Telecom, as CFO, he was responsible for corporate finance, merger and acquisition and group strategy. He represented Telecom on the board of Hutchison Telecommunications Australia and SKY Network Television, and was more recently the chair of the advisory board overseeing Telecom's Australian business.

As Infratil COO he will be responsible for driving performance and building capability across the group, and assisting in the development of future growth options, the company says.

Also Peter Coman has been appointed as chief executive of Morrison & Co and Infratil Property.

It is a newly formed role, and Coman will be accountable for the development and performance of property within Infratil. For example, he will assess potential opportunities arising for Infratil shareholders from the PIE regime.

Coman will also be building Morrison & Co executive capability in the property sector.

Coman joins having been managing director - Jones Lang LaSalle, New Zealand. In this role he had responsibility for the strategic review and repositioning of the New Zealand business. Key initiatives he led included implementing a local accountability structure, rebuilding the leadership team, developing a staff management culture, market profile development, client management strategies and new business development.

Prior to Jones Lang LaSalle he worked in London for Pricoa Property Private Equity and Lend Lease Property Capital.

Coman says it "couldn't be a better time" to be developing the company's property capability than now.

"Capital markets are under-going a massive shakeout, property players in New Zealand and Australia are under enormous pressure and my expectation is that property prices could move substantially downwards. Given we are looking to grow and acquire and also to recruit, this is a good environment for us.

"Infratil also has a much larger property exposure than most people are aware of and this will provide a great platform for me to build a growth strategy around," he says.

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