Petroleum business recruits new finance director

LISTED PETROLEUM and gas storage company InfraStrata has recruited Stewart McGarrity as finance director.

He has more than 26 years of UK and international finance experience in a variety of senior finance roles. He spent a number of years at Deloitte in Zimbabwe and Hong Kong in senior audit and technical roles. McGarrity then held senior finance positions with the Airport Authority in Hong Kong, latterly as financial manager, during the construction and commercial development of the Hong Kong International Airport.

He was recently finance director at Tie Limited in the UK and before that was group financial controller for property investor and developer MEPC based in London.

McGarrity succeeds Craig Gouws who announced his resignation from the company in April. Gouws joined in 2007 and plans to move to Australia.

Ken Ratcliff, the chairman of InfraStrata, said: “We are pleased to have recruited someone with Stewart’s presence and experience and we welcome Stewart to our board.

“Craig Gouws has been a company stalwart and both he and Stewart have managed the handover period particularly well, with Craig stepping down with immediate effect. As a consequence, Stewart joins our board well grounded in the details of the group and we look forward to him assuming responsibility as finance director during what is expected to be an exciting time in the group’s development.”