CPCS elevates two employee-owners to Partner level
Global infrastructure advisory firm CPCS adds Senior Vice Presidents Adrian Lightstone and Hichame Selmaoui to its group of Partners — employees with significant equity stakes in the firm.
Key points:
- Both appointees have advanced through progressively senior roles while helping expand CPCS’s advisory work and global impact.
- They join CPCS Partners Donald Ludlow, George Kaulbeck, Jan Grabowiecki, Jean-François Arsenault, Marc-André Roy and Miho Ihara.
- The move reinforces the company’s employee‑ownership model, designed to drive retention, accountability, and promote from within.
CPCS, an employee-owned company with global reach
More than 50% of our workforce holds shares in the company, a defining feature of our governance and culture since 1996. As employee-shareholders, it’s how we chart our path, work towards more satisfying business goals, and make CPCS a company we enjoy belonging to.
Share ownership forms part of CPCS’s Total Compensation Package. Team members who demonstrate strong performance, deep engagement, and commitment to CPCS’s development, may be offered equity. Employee-shareholders are realizing an average 20 per cent annual return on equity.
Becoming Partner of a global infrastructure advisory firm
Adrian Lightstone, Senior Vice President of Advanced Markets (Canada, UK, US) joined CPCS in 2021. He has since led multidisciplinary teams across countries, advancing complex transportation, intercity rail, transit and freight projects.
Hichame Selmaoui, Senior Vice President of Emerging Markets, joined CPCS in 2013. He has overseen large-scale infrastructure projects across the transport and power sectors, including leading public-private partnership agreements.
Quotes
CPCS Co-CEO, Marc-Andre Roy
“Adrian and Hichame’s leadership, integrity, and commitment to our shared purpose embody what employee ownership is all about. When talented people are invested in the future of the firm, we strengthen our business and the culture that drives it.”
CPCS Co-CEO, Jean-François Arsenault
“Employee ownership strengthens our governance, deepens accountability, and ensures that the people shaping our decisions are the same people invested in their long‑term impact. Adrian and Hichame’s presence at the partner table makes us stronger, more resilient, and more aligned in how we move forward as a firm.”
About CPCS
CPCS is an employee-owned global infrastructure advisory firm specializing in transportation, energy, and major capital projects.
We know that complex infrastructure problems demand multidisciplinary thinking. CPCS brings exactly that — integrating analytical, commercial, economic, financial, governance, legal, operational, policy, regulatory, transaction, and deep experience structuring public‑private partnerships (PPPs) and mobilizing private capital for public infrastructure projects.
CPCS advises governments, investors, and development institutions on planning, structuring and realizing the value of infrastructure development priorities and investments.
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