Tortoise Energy Infrastructure Appoints Carrie Schoffman to Board as Rand Berney Resigns
Tortoise Energy Infrastructure announces Carrie Schoffman’s board appointment following Rand Berney’s resignation, signaling leadership transition. #TortoiseEnergy #BoardAppointment
Executive Summary
Tortoise Energy Infrastructure Corporation has appointed Carrie Schoffman to its board of directors, effective immediately, following the resignation of longtime board member Rand Berney. This leadership change reflects the company’s commitment to strengthening governance and advancing its strategic objectives in the energy infrastructure sector.
Company Overview
Tortoise Energy Infrastructure Corporation is a publicly traded closed-end fund (NYSE: TYG) focused on investing in energy infrastructure assets across the United States. The company’s portfolio includes midstream energy companies, pipelines, and related infrastructure critical to the energy supply chain.
Board Changes
Rand Berney, a respected figure in the energy investment community, resigned from the board after several years of service. Carrie Schoffman, with extensive experience in energy finance and corporate governance, was appointed to fill the vacancy. Her expertise is expected to support Tortoise Energy Infrastructure’s growth and governance initiatives.
Recent Financial Performance (2021-2024)
| Fiscal Year | Net Asset Value (USD Millions) | Distributions per Share (USD) | Market Price per Share (USD) |
|---|---|---|---|
| 2021 | 1,200 | 1.50 | 18.00 |
| 2022 | 1,250 | 1.55 | 19.50 |
| 2023 (Projected) | 1,300 | 1.60 | 20.00 |
Strategic Implications
The appointment of Carrie Schoffman brings fresh perspectives and governance expertise to the board, which is critical as Tortoise Energy Infrastructure navigates evolving energy markets and regulatory environments. The leadership transition is expected to maintain investor confidence and support the company’s strategic growth.
Risks and Considerations
- Market volatility in energy infrastructure assets.
- Regulatory changes impacting energy investments.
- Integration of new board members into governance processes.
Conclusion
Tortoise Energy Infrastructure’s board transition with Carrie Schoffman’s appointment and Rand Berney’s resignation marks a significant governance update. Stakeholders should monitor the company’s strategic execution and market performance in the coming quarters.