Kayne Anderson Energy Infrastructure Fund Welcomes New Directors
Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company” or “KYN”) is excited to share that they have recently appointed Holli C. Ladhani and Michael N. Mears as new independent directors. This strategic move follows the retirements of veteran board members earlier in the year, bringing the board back to a full strength of eight members, which includes seven independent directors.
Meet the New Board Members
Holli C. Ladhani steps into her new role with a wealth of experience in the energy, chemicals, power, and infrastructure sectors. Before her appointment, she was the President, Chief Executive Officer, and a member of the board of directors at Select Energy Services, Inc., a respected name in water management and chemicals for the energy sector. Her impressive background includes leadership roles at Rockwater Energy Solutions, Dynegy Inc., and a strong foundation in finance from her early career at PricewaterhouseCoopers.
In addition to her new role at KYN, Ms. Ladhani contributes her insights to the boards of Quanta Services, Inc. and AmSpec, among other organizations. A graduate of Baylor University with a Bachelor of Business Administration in Accounting, she also holds an MBA from Rice University, emphasizing her dedication to education and professional growth.
Michael N. Mears: A Seasoned Executive
Joining Ms. Ladhani is Michael N. Mears, a well-known figure in the energy infrastructure landscape. He served as the Chairman, President, and Chief Executive Officer of Magellan Midstream Partners, L.P., leading the organization from its inception. His experience spans years of pivotal management roles in both operations and corporate governance.
Mr. Mears currently offers his expertise on the boards of Devon Energy Corporation and Sempra, where he chairs the Corporate Governance Committee. He brings a solid educational background, having earned a Bachelor of Science in Chemical and Petroleum Refining Engineering from the Colorado School of Mines.
Strengthening Governance and Future Strategies
Jim Baker, the Chairman, President, and CEO of KYN, expressed enthusiasm about the new appointments, stating, “We are honored to welcome Holli and Mike to KYN’s Board of Directors. Their extensive experience in the energy and power sectors – as both senior executives and directors – will bring valuable insight to our Board.” Mr. Baker highlighted the dynamic nature of the energy infrastructure industry and emphasized confidence in the contributions the new directors will make towards navigating opportunities and challenges in the sector.
The Company’s Commitment to Shareholders
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) operates as a non-diversified, closed-end management investment company dedicated to delivering a high after-tax total return through a focus on cash distributions to its stockholders. The Fund is committed to investing at least 80% of its total assets in energy infrastructure securities, underscoring its focused investment objective.
As the Fund seeks to balance its investments and respond to fluctuating market conditions, KYN maintains flexibility in its cash distributions to stockholders. It remains paramount for the company to align its financial strategies with the interests and expectations of its shareholders.
Contact Information for Further Inquiries
For investors or interested parties seeking further information, please reach out to investor relations at 877-657-3863 or via email. Engaging with stakeholders and maintaining open lines of communication are vital as the company moves forward with promising new leadership.
Frequently Asked Questions
What recent changes occurred in the Kayne Anderson board?
The company appointed Holli C. Ladhani and Michael N. Mears to the board, returning it to eight members.
What expertise do the new directors bring?
The new directors have extensive backgrounds in the energy, chemicals, and infrastructure sectors, enhancing the board's governance.
What is the investment focus of Kayne Anderson Energy Infrastructure Fund?
KYN aims to invest at least 80% of its total assets in securities of Energy Infrastructure Companies.
How does KYN manage its cash distributions?
Distribution amounts are not guaranteed and may vary based on portfolio holdings and market conditions.
How can I contact Kayne Anderson for more information?
Interested parties can contact investor relations at 877-657-3863 or email them directly.
