#United States #Houston #Sempra Infrastructure #Bhavesh Patel #KKR Consortium

Sempra Infrastructure Welcomes New Leadership

Sempra Infrastructure, a prominent subsidiary of Sempra (NYSE: SRE), has officially announced the appointment of Bhavesh "Bob" Patel as its incoming Chief Executive Officer. This significant leadership change comes as a KKR-led consortium prepares to acquire a majority stake in the company, which is expected to finalize soon. Patel will step into his new role following the completion of this transaction, further solidifying Sempra Infrastructure’s strategic direction in the rapidly evolving energy sector.

A New Chapter for Sempra Infrastructure

The current CEO, Justin Bird, will maintain his leadership position as Chairman and CEO until the acquisition closes. After that, he will transition to serve as executive vice president at Sempra and will also be part of the Sempra Infrastructure Board of Directors. This leadership transition is critical as the company gears up for an exciting future under Patel's guidance, leveraging his extensive experience in the global energy and industrial sectors.

Proven Leadership in the Energy Sector

Bob Patel’s extensive background includes nearly 40 years of experience in the chemicals and energy industries. Before joining Sempra Infrastructure, he was the President of Standard Industries, a leading global industrial company. Moreover, he served as CEO of LyondellBasell, one of the world’s largest chemical companies, where he led initiatives that enhanced global production capabilities and significantly expanded market presence.

Patel’s leadership style is characterized by building high-performing teams and driving operational excellence. Justin Bird emphasized, "Bob is a highly accomplished and respected global executive with deep experience leading complex energy, chemicals, and industrial businesses. He brings a strong track record of building high-performing organizations and executing disciplined growth strategies."

Patel's Vision for Sempra Infrastructure

Upon his appointment, Patel shared his enthusiasm for leading Sempra Infrastructure during a pivotal time. He expressed his admiration for the company’s established energy infrastructure platform in North America, emphasizing its commitment to safety, effective execution, and its talented workforce. "Sempra Infrastructure is well-positioned to help meet the growing global demand for reliable energy resources, and I have been impressed by what Justin and the team have built," Patel noted.

His vision includes building on the strong foundation set by the current leadership while aggressively pursuing sustainable energy solutions to meet rising global energy demands. He also looks forward to advancing the company’s strategic initiatives in low-carbon solutions and innovative energy networks.

Strategic Growth and Investment

The leadership change coincides with the acquisition of a 65% equity stake in Sempra Infrastructure by the KKR-led consortium, while Sempra will retain a 25% interest alongside the Abu Dhabi Investment Authority's (ADIA) existing 10% stake. This transaction is a testament to the confidence that global investors have in the company’s strategies and long-term growth potential.

James Cunningham, a partner at KKR, stated, "Over the past few years, we have developed a strong and strategic partnership with the Sempra Infrastructure team and have tremendous respect for the business they have built. Bob's experience leading large-scale global organizations makes him exceptionally well-suited to lead the company forward and help accelerate its long-term growth."

Looking Ahead

As Sempra Infrastructure transitions into this new chapter under Bob Patel's leadership, stakeholders and industry observers are eager to see how he will navigate the challenge of evolving energy demands and technological advancements. Patel’s extensive experience, combined with a strategic focus on operational excellence and sustainable growth, positions Sempra Infrastructure as a key player in developing critical energy infrastructure.

About Sempra Infrastructure:
Headquartered in Houston, Sempra Infrastructure focuses on delivering modern energy solutions, such as LNG projects, energy networks, and low-carbon initiatives. The company aims to connect customers to safe and reliable energy while promoting energy security across North America.

For more information, visit SempraInfrastructure.com or connect on social media @SempraInfra.