Infratil Creates COO Role to Drive Execution Across Expanding Global Portfolio
Infratil has restructured its senior leadership team, creating a Chief Operating Officer role and appointing Andrew Carroll to the position after two and a half years as Chief Financial Officer. Matt Ross, who has served as Deputy CFO since November 2023 and has been with Infratil for over 16 years, steps up to CFO. Both appointments are effective immediately as of 16 June 2026.
Infratil creates Chief Operating Officer role to drive execution priorities
The leadership restructure positions Carroll to focus on execution and capital allocation priorities across Infratil’s expanding global portfolio. The COO role had not previously existed at the infrastructure investment company, indicating increased operational demands as the business scales.
Carroll has served as CFO for two and a half years. Ross brings over 16 years of tenure at Infratil to the CFO position, having held the Deputy CFO role since November 2023. The management changes are designed to support ongoing growth whilst maintaining focus on portfolio performance and capital discipline.
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What does a Chief Operating Officer do at an infrastructure investment company?
In an infrastructure investment business, the COO drives execution across portfolio companies, coordinates operational priorities, and mobilises resources to deliver outcomes. This is a newly created role at Infratil, suggesting the portfolio has grown to a scale requiring dedicated execution leadership separate from financial oversight.
The CDC Data Centres portfolio, which added A$500 million in valuation in a single quarter to reach a total enterprise value of A$15.0 billion, illustrates the scale complexity now underpinning the case for dedicated COO-level execution leadership.
Carroll’s COO mandate and retained responsibilities
Carroll will be accountable for four key areas in his COO role:
- Setting and driving execution priorities
- Capital allocation priorities
- Overseeing portfolio and portfolio company performance
- Mobilising Morrison and external resources
He retains accountability for Infratil’s capital management. Carroll also serves as a director of One NZ and EonFibre. The positioning of capital allocation accountability with the COO rather than the CFO suggests active portfolio management and deployment decisions remain operationally driven.
Ross brings institutional knowledge to CFO role
Ross’s 16-year tenure provides continuity and deep portfolio expertise during the transition. His existing relationships with investors and analysts minimise the risk typically associated with CFO changes. Ross serves as a director of Wellington International Airport.
Jason Boyes, Infratil CEO
“Matt’s strong capability and track record is already well recognised across the Infratil group and by investors and analysts. He hits the ground the running, having served as Deputy CFO since 2023.”
The internal promotion maintains institutional knowledge during a period of portfolio expansion.
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Strategic rationale for the restructure
Chief Executive Jason Boyes stated the changes support Infratil’s ongoing growth whilst staying focussed on portfolio performance and capital discipline. The restructure is framed as proactive rather than reactive, designed to handle increasing scale and global footprint.
Jason Boyes, Infratil CEO
“Andy’s temperament and senior executive experience across the operations and financing of large, complex infrastructure organisations make him ideally suited to this role, leading and coordinating activity across Infratil’s businesses.”
Management’s explicit linking of the restructure to “ongoing growth” signals continued acquisition and expansion appetite across the infrastructure portfolio.
Infratil’s capital recycling program has been active in the lead-up to this restructure, with the NZ$495 million Contact Energy stake sale earlier in 2026 repositioning the balance sheet ahead of the next deployment cycle.
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