24 March 2025
Sequoia Economic Infrastructure Income Fund Limited
(the "Company" or "SEQI")
Board Changes
The Board announces that, following a close family bereavement, Fiona Le Poidevin has decided to step down as a non-executive director of the Company with effect from 31 March 2025. The Board wishes to express its sincere thanks to Fiona for her invaluable contribution to the Board and as Chair of the Audit Committee. Margaret Stephens has assumed the position of Chair of the Audit Committee with immediate effect. Margaret is a qualified Chartered Accountant and is an experienced audit committee chair including for investment companies.
An external independent search process is underway to identify a suitable Guernsey resident non-executive director to replace Fiona.
Furthermore, the Board decided to appoint an additional UK resident non-executive director to reflect the Board's requirement to evaluate and support the selection of new investments, portfolio management and its approach to ongoing risk management and ESG related matters. The Board would therefore have sufficient expertise and capacity to take over the work of the Independent Consultants to the Board, making this responsibility more efficient.
Following an extensive independent search the Board is pleased to announce the appointment of Selina Sagayam as a non-executive Director of the Company with effect from 1 April 2025, and she will assume the position of Chair of the ESG & Stakeholder Engagement Committee.
Selina was Senior Counsel at Gibson, Dunn & Crutcher where she also led the firm's Environment, Social and Governance Practice until her retirement from the firm in 2024. She has extensive experience as a mergers & acquisitions, corporate governance, financial services and regulatory law adviser as well as being seconded as the Secretary to the UK Panel on Takeovers and Mergers. She is a trustee and Vice Chair of the charity Refuge. Selina is British and resident in the United Kingdom.
Selina is currently a Non-Executive Director of The Renewables Infrastructure Group Limited and has previously been a Non-Executive Director of Hastings Group Holdings Plc.
James Stewart, Chair, commented:
"On behalf of the Board, I thank Fiona for her invaluable contribution to SEQI and wish her and her family the best for the future.
I am delighted to welcome Selina to the Board. Her extensive corporate finance and legal experience, together with her strong ESG credentials will be of great benefit to the Company."
No further disclosures are required for Selina Sagayam in respect of paragraphs 6.4.8R of the Financial Conduct Authority's Listing Rules.
For further information please contact:
| Sequoia Investment Management Company Steve Cook Dolf Kohnhorst Randall Sandstrom Anurag Gupta
| +44 (0) 20 7079 0480
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| Jefferies International Limited (Investment Banking) (Joint Corporate Broker & Financial Adviser) Gaudi Le Roux Stuart Klein
| +44 (0) 20 7029 8000 | ||
| J.P. Morgan Cazenove (Joint Corporate Broker & Financial Adviser) William Simmonds Jeremie Birnbaum
| +44 (0)207 742 4000 |
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| Teneo (Financial PR) Martin Pengelley Elizabeth Snow Faye Callow
| +44 (0) 20 7353 4200 |
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| Apex Fund and Corporate Services (Guernsey) Limited Aoife Bennett
| +44 (0) 20 3530 3107
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About Sequoia Economic Infrastructure Income Fund Limited
The Company is a Guernsey registered closed-ended investment company that seeks to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments. The Company is advised by Sequoia Investment Management Company Limited.
LEI: 2138006OW12FQHJ6PX91
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