American private equity firm Blackstone has named Brian Tierney as its new global head of infrastructure portfolio operations and asset management.
Tierney joins Blackstone from American Electric Power (AEP), where he served 23 years.
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He held several key roles at the firm including that of chief financial officer, executive vice-president for strategy and executive vice-president for AEP East.
In his new role, Tierney will work with portfolio company CEOs to accelerate key value creation initiatives across Blackstone’s infrastructure companies.
Blackstone Infrastructure Partners global head Sean Klimczak said: “We are pleased to welcome Brian to the Blackstone Infrastructure Partners team. He has a stellar track record with over twenty-five years of operations, strategy and finance experience in the infrastructure industry.
“I look forward to partnering with Brian as we work to expand BIP’s global presence and to assist our portfolio companies in their efforts to drive transformative growth.”
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By GlobalDataBrian Tierney added: “I am excited to be joining the exceptional team at Blackstone Infrastructure Partners.
“I look forward to bringing my operating and financial expertise to the remarkable platform that BIP offers to its portfolio companies in their efforts to grow and to pursue operational excellence.”
Tierney replaces Steve Bolze, who is set to retire from his day-to-day role as head of infrastructure portfolio operations and asset management.
Bolze become an executive advisor to Blackstone Infrastructure Partners in the fourth quarter of the year.
Klimczak added: “I also would like to thank Steve Bolze for his tireless dedication to Blackstone Infrastructure Partners over the past four years. His wealth of knowledge and contributions to BIP have been significant and impactful.
“The BIP team will miss Steve’s day-to-day engagement, but will look forward to our continued work with him as an executive advisor.”
Last month, Blackstone named Devin Glenn as global head of diversity, equity, and inclusion, accelerating its push towards an inclusive workplace.
