Departure of CFO

channelnz.com


NZX RELEASE
3 April 2023

Departure of CFO
Channel Infrastructure (CHI) has today announced that Chief Financial Officer (CFO), Jarek Dobrowolski, will
step down from his role. Following the business reset, refinancing programme and the return to dividends,
Jarek has decided to spend more time with his family and pursue other opportunities.

No departure date has been finalised with Jarek, however it is expected that it will be during June 2023. An
external recruitment process will commence to appoint a permanent replacement, and in the interim, the
Company’s previous CFO, Denise Jensen, will return as Interim CFO upon Jarek’s departure.

CEO Rob Buchanan said “Jarek has been with the Company since 2017, and as CFO has worked tirelessly,
leading his team through the transition of our business, resetting of the capital structure and a return to a
strong financial position. Jarek leaves with our thanks and very best wishes. Having Denise, who has been
with the Company for over 17 years, return as Interim CFO will allow a seamless transition while we
undertake a recruitment process for a new permanent CFO.”


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Authorised by:
Chris Bougen
General Counsel and Company Secretary
Investor Relations contact:
Anna Bonney
investorrelations@channelnz.com

Media contact:
Laura Malcolm
communications@channelnz.com
+64 21 02363 297

About Channel Infrastructure NZ
Channel Infrastructure is New Zealand’s leading fuel infrastructure company.
Channel Infrastructure owns critical infrastructure, supplying the Northland and Auckland markets, which
make up 40% of New Zealand’s transport fuel demand and all of the jet fuel to the Auckland International
Airport. Utilising the deep-water harbour and jetty infrastructure at Marsden Point, as well as 280 million
litres of storage tanks, and the 170-kilometre pipeline from Marsden Point to Auckland we receive, store, test
and distribute fuel owned by our customers. Channel Infrastructure’s wholly-owned subsidiary, Independent

channelnz.com
Petroleum Laboratory Limited, provides fuel quality testing services at Marsden Point and around New
Zealand.
Channel Infrastructure is well positioned to support New Zealand’s changing future fuel needs, with growth
opportunities at the Marsden Point site including additional fuel storage to support fuel security and work
underway with customers and partners on biofuel and hydrogen opportunities.
For more information on Channel Infrastructure, please visit: www.channelnz.com