Board of Directors

Paul Smith, Chairman

An experienced Chartered Engineer with over 30 years of business, infrastructure and industrial experience,  Paul Smith is the former Managing Director of Generation at SSE Plc, where he was responsible for the company's generation and gas storage portfolio in the UK and Ireland. A member of the SSE management board, he also chaired the SSE HSE committee. Prior to joining SSE, Mr. Smith worked in the chemicals sector for both ICI Plc and DuPont in the UK and overseas. He was also a Public Member of Network Rail with a secondary governance role for 2 years. Mr. Smith is currently a non-executive board member of Scottish Water, a member of the Edinburgh University Business School International Advisory Board, an Energy Institute Council Member, a Global IChemE Energy Board member and an advisor to the Energy, Infrastructure and Asset Management industries. He is a graduate of Edinburgh University, holds an MBA from Henley Management College and is a Fellow of both the Institute of Chemical Engineers and the Energy Institute. 

Paul Malan

Mr. Malan is Senior Partner of iCON Infrastructure LLP. He has a long track record of successful execution and management of infrastructure investments, including all investments undertaken by the iCON Team. Paul founded the iCON Team in 2004, prior to which he spent 10 years in various roles at Macquarie Bank in London and Australia. Mr. Malan is Chairman of iCON's Investment Committee.

Michael Smerdon, CFA, ICD.D

Michael Smerdon was named Chief Executive Officer of iCON Infrastructure Canada on April 1, 2017. Prior to assuming this role, he was the Executive Vice President and Chief Financial Officer of Capstone Infrastructure Corporation and its predecessor, Macquarie Power and Infrastructure Corporation, from 2009 until 2017. At Capstone, Mr.Smerdon led the sale, by way of IPO, of Leisureworld Inc.; nine asset-level project financings totalling approximately $600 million; and over $700 million in corporate-level equity and debt financings to support Capstone’s growth strategy.


Before joining Capstone, Mr. Smerdon was a member of the senior management team of New York-based Macquarie Infrastructure Partners Inc. (MIP). His responsibilities included managing Macquarie’s North American port investments as well as leading the capital raise and structuring for Macquarie Infrastructure Partners II. Prior to his role with MIP, Mr. Smerdon was responsible for acquiring and managing a number of Macquarie’s infrastructure businesses across a variety of sectors including toll roads, aviation, parking, utilities and social infrastructure.


Mr. Smerdon holds a Bachelor of Commerce degree from the University of British Columbia and a Master of Business Administration degree from the Richard Ivey School of Business at Western University. He also holds the Chartered Financial Analyst designation and is a member of the Institute of Corporate Directors.


Adèle Malo

Ms. Malo holds a B.A., LL.B. and LL.M. as well as the ICD.D designation and has extensive corporate and governance experience in the energy, foodservice, services and utility sectors. She currently serves on the Board of directors of Ontario's Electrical Safety Authority (ESA), Scientist in School (SiS) and Plugn'Drive. She was previously Executive Vice President of Government & Regulatory Affairs, Real Estate and External Communications and General Counsel for Direct Energy until her retirement in December 2012. Direct Energy is the North American subsidiary of Centrica PLC, delivering energy and services to millions of North American commercial and residential consumers. Prior to that she held senior positions with Ontario Power Generation, Union Gas, Oshawa Group Ltd., and Tim Horton's. Ms. Malo began her career as an associate lawyer in the tax department of Osler, Hoskin & Harcourt.

Janet Woodruff

Ms. Woodruff is a consultant and corporate director. Currently, she serves as the Chief Executive Officer (Acting) of Transportation Investment Corporation, a B.C. Crown Corporation, and from 2010 to 2011, Ms. Woodruff was Vice President and Special Advisor at B.C. Hydro. Prior to this, Ms. Woodruff served B.C. Transmission Corporation as interim President (2009-10) and Vice President and Chief Financial Officer (2007-08). Ms. Woodruff also served as an executive for a number of operating subsidiaries and at the corporate head office of Westcoast Energy Group from 1988 to 2002. She serves on the board of the Mutual Fund Dealers Association of Canada and is a member of the Directors Advisory Group of CPA Canada. Ms. Woodruff is a member of the Institute of Corporate Directors, holding the ICD.D designation, and is a Fellow Chartered Accountant of British Columbia. She earned her Master of Business Administration degree from York University.

Richard Knowles

Mr. Knowles is currently on the Investment Advisory Committee of the Canada Post Pension Fund and is a member of the Davis Rea Wealth Management Investment Review Committee. From 2000 to 2008, Mr. Knowles served as President and Chief Executive Officer and as a board director of Sceptre Investment Counsel Ltd. Mr. Knowles was previously President and Chief Executive Officer of Jones Heward Investment Management and Executive Vice President of Nesbitt Burns Inc. He is also past Chairman of the Portfolio Management Association of Canada and former Treasurer of North York General Hospital. Mr. Knowles is a Chartered Financial Analyst and holds an Honors Bachelor of Business degree from the Richard Ivey School of Business and an Honorary Doctorate of Laws from Assumption University (Windsor).

David Eva, Chief Executive Officer

Mr. Eva joined Capstone in October 2013 as Vice President, Development, and progressed to Senior Vice President and later to Chief Executive Officer of Capstone Power Corp., the power subsidiary of Capstone. On January 1, 2017, Mr. Eva was appointed to the position of Chief Executive Officer of Capstone and member of the Board. Mr. Eva is responsible for leading the organization’s executive team.

Andrew Kennedy, Chief Financial Officer

Andrew Kennedy was named Chief Financial Officer of Capstone Infrastructure Corporation on April 1, 2017. In this role, Mr. Kennedy provides leadership in all areas of finance and risk management and partners on the strategy for Capstone and its assets. Mr. Kennedy has been with Capstone since its inception in 2011, most recently as Vice President, Finance and as Chief Financial Officer of Capstone Power Corp., Capstone’s power subsidiary. Prior to joining Capstone, he was the Vice President of Finance with Capstone’s predecessor, Macquarie Power and Infrastructure Corporation, and also held progressively senior roles at Ernst & Young, where he specialized in public company financial reporting.

Mr. Kennedy is a Chartered Professional Accountant (CPA) and is a member of both CPA Ontario and the American Institute of CPAs in Illinois. In addition, he holds a Bachelor of Arts degree specializing in Economics, with cooperative education and accounting options, from the Wilfrid Laurier University in Waterloo, Canada.