Street Talk

Plenary anoints new CEO, eyes $3.7b Brisbane Olympics stadium

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 31, 2025 – 5.00am

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Infrastructure investor Plenary, whose portfolio ranges from Sydney’s new Metro to university accommodation in Canada and the Middle East, has anointed a new CEO after completing the sale of a 49 per cent stake to Abu Dhabi sovereign wealth fund ADQ last month.

Plenary’s chief investment officer Paul Crowe is set to take over as the CEO from David Lamming, who will step down from executive roles after 5½ years in the top job and 21 years with the company. The appointment was announced to staff late last week and comes into effect on July 1.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.