Macquarie Infrastructure Corp. announced James Hooke, chief executive, is joining the company's board and plans to step down as CEO in January.
Macquarie has appointed Christopher Frost president and chief operating officer of the company, and anticipates Frost will be appointed CEO after Hooke's resignation, the company said in a statement.
Frost has been with Macquarie for more than 20 years and has served since 2015 as Macquarie Infrastructure and Real Assets' chief commercial officer. Prior to that, Frost led major investments and divestments, including complex private sales, public market takeovers, privatizations and co-investments involving airports, aviation services, toll roads, ports, ferries and marine services infrastructure.
