Sempra Infrastructure names Patel incoming CEO as KKR-led consortium prepares to close 45% stake buy
Sempra Infrastructure has selected Bhavesh "Bob" Patel as its incoming chief executive officer, the Houston subsidiary of Sempra said. Patel takes the post once a previously announced deal closes, under which KKR affiliates, together with Canada Pension Plan Investment Board (CPP Investments), buy a stake in the company.
That deal, first disclosed in September 2025, sells a 45% stake in Sempra Infrastructure to the KKR affiliates alongside CPP Investments for USD 10 billion.
When the deal closes, a KKR-led consortium will control 65%, Sempra keeps 25%, and Abu Dhabi Investment Authority takes 10%.
Justin Bird stays on as chairman and chief executive officer until closing. He then moves to executive vice-president of Sempra and keeps his seat on the Sempra Infrastructure board.
Patel ran LyondellBasell as chief executive officer during 2015-21. He most recently held the president role at Standard Industries.
Source: ogj.com (opens in a new tab)1 sourcePermalink