Publicly listed Brookfield Infrastructure Partners (BIP) has appointed Bahir Manios as chief financial officer, the company announced in a statement on Friday.
Manios joined Brookfield in 2004 and for the past six years has been responsible for the finance and treasury functions for Brookfield’s infrastructure group, according to the statement.
He succeeds John Stinebaugh who has served as chief financial officer since BIP’s spin-off in 2008. “John has demonstrated exceptional financial leadership […] and has played a key role in growing the business,” BIP chief executive Sam Pollock said.
Stinebaugh will now serve as chief financial officer of Brookfield Property Partners, the asset manager’s flagship public property entity listed on the New York and Toronto stock exchanges, the company’s spokesperson said.
The changes are effective immediately.
BIP is managed by Toronto-based Brookfield Asset Management (BAM), which focuses on property, renewable power, infrastructure, and private equity.
BAM has more than $175 billion in assets under management, while BIP has $20 billion in capital.