Blackstone recently announced the appointment of Alasdair I. Cathcart, an accomplished global energy executive from Bechtel, as a senior adviser to support its energy-focused private equity business in the global energy transition movement.
Cathcart has over 30 years of experience in the energy and infrastructure sectors including at Bechtel, a leading global engineering and construction firm, where he led several divisions, including power and LNG.
“Alasdair will be a great adviser to our team as we seek out new opportunities to support the ongoing transition to cleaner, more efficient and affordable energy,” David Foley, global head of Blackstone Energy Partners, said in a statement on May 21.
The Blackstone Energy Partners team has invested over $18 billion of equity globally across a broad range of sectors within the energy industry, according to the firm’s release.
“Our entire global team and broad platform will benefit from Alasdair’s depth of experience and expertise in many different segments of the energy and power market,” Foley added.
Cathcart joined Bechtel in 1989 and served the company in a variety of leadership positions in corporate and project roles in nine countries throughout his career.
Most recently, Cathcart served as president of Bechtel’s global oil, gas and chemicals business headquartered in Houston, where he was responsible for 8,000 professional staff and 40,000 craft professionals and managed seven business lines.
Blackstone Senior Managing Director Bilal Khan also added: “We are actively continuing our strategy of investing in the development and construction of new capacity to help generate and deliver energy efficiently, which is essential to support economic growth and improvement in living conditions around the world. Alasdair’s decades of hands-on experience supervising the construction of large and complex energy assets worldwide will be an invaluable resource to our team.”
Cathcart also previously served as general manager of the LNG business line, responsible for strategy, business development and project execution. From 2010 to 2013, he was president of Bechtel’s global power business.
“I look forward to advising the team at Blackstone and adding value as they seek out new ways to support the ongoing global energy transition,” commented Cathcart in a statement.
“Blackstone has been a pioneer in the development and construction of energy projects around the world and is well positioned to help accelerate the move to cleaner and more efficient energy use globally,” he said.
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