Dalrymple Bay Infrastructure Limited announced the appointment of Mr. Michael Riches as Chief Executive Officer, effective on 4 March 2024. Mr. Riches is an experienced executive with extensive infrastructure, regulatory and operational experience across multiple industries throughout Australia. Most recently Mr. Riches was the Chief Executive Officer at Axicom.

He led a customer transformation program that secured longer term contracts with key customers, ultimately positioning the business for a successful sale to an Australian Super and Singtel owned tower company. Prior to Axicom, Mr. Riches was Group Executive, Network at Aurizon Holdings Limited where he was the architect of, and responsible for the negotiation with customers to execute, the ground-breaking UT5 regulatory reform that delivered substantial benefits to the Queensland coal industry. He also initiated and delivered an efficiency improvement program across the Network business, which created substantial value for customers and the business.

Mr. Riches commenced his corporate life at Alinta Energy where for over almost 6 years he held a number of senior executive roles. Prior to that Mr. Riches was a lawyer, spending 17 years in private practice, the last 10 years as a partner at Clayton Utz and Minter Ellison, specialising in the financing of mergers and acquisitions and major infrastructure projects. In addition to his commercial and operational achievements, Mr. Riches has demonstrated strong leadership skills with a track record in improving safety and developing people to become future leaders.

Current CEO and Managing Director, Mr. Anthony Timbrell will leave the company on 25 January 2024. Stephanie Commons, DBI's Chief Financial Officer, will be appointed as acting CEO from 25 January 2024 until Mr. Riches commences with the organisation on 4 March 2024.