Olam names eight members of its agri board of directors in key management strengthening
Sunny Verghese, CEO joins Olam's Agri board of directors alongside other key appointments. Pic: Olam
The Olam Group has appointed eight members to its Agri’s Board of Directors, as the business’s division continues to move forward with optimism in the wake of a major restructuring of the overall business, reports, Neill Barston.
Its latest appointments are anticipated to lend additional focus to its overarching strategy, as the wider food and drink chain faces notable supply chain challenges around the world.
Olam Agri is a food, feed and fibre agribusiness with a global origination footprint, processing capabilities and focus on emerging markets. Its products and services include grains and oilseeds, flour, pasta, integrated feed and protein, rice, edible oils, specialty grains and seeds, cotton, wood products, rubber, commodity financial services and funds management.
The eight Board Members collectively sit across four of Olam Agri’s Board Committees, namely the Governance, Nomination, Talent & Remuneration Committee, the Audit & Compliance Committee, the Risk & Market Compliance Committee, and the Sustainability Committee.
Among the appointees are Serge François Schoen: Non-Executive and Independent Director, and Chairman of the Board of Directors, Chairman of the Governance, Nomination, Talent & Remuneration Committee and Member of the Risk & Market Compliance Committee, Hixonia Nyasulu: Non-Executive and Independent Director, Vice Chair of the Board of Directors, Chair of the Sustainability Committee and Member of the Governance, Nomination, Talent & Remuneration and Audit & Compliance Committees.
They are joined by Ms. Eng Chin Chin: Non-Executive and Independent Director, Chair of the Audit & Compliance Committee and Member of the Risk & Market Compliance Committee, Pierre Lorinet: Non-Executive and Independent Director, Chairman of the Risk & Market Compliance Committee and Member of the Governance, Nomination, Talent & Remuneration and Audit & Compliance Committees.
Jenifer Thien: Non-Executive and Independent Director and Member of Audit & Compliance and Sustainability Committees. • Mr. Sulaiman AlRumaih: Non-Executive and Non-Independent Director and Member of the Governance, Nomination, Talent & Remuneration and Sustainability Committees. Its board is completed by Mr. Anuj Maheshwari: Non-Executive and Non-Independent Director and Member of the Governance, Nomination, Talent & Remuneration Committee, as well as Sunny George Verghese: Group CEO and Executive Director of Olam Group and Olam Agri and Member of the Risk & Market Compliance and Sustainability Committees.
Serge François Schoen, Chairman of the Olam Agri Board, said: “I am honoured to be joining Olam Agri’s Board of Directors and to have the opportunity to chair a Board which has a diverse and experienced group of Directors, coming together to lend their expertise and experience to support Olam Agri in its next stage of growth. As a Board, we share the commitment to provide oversight and stewardship of Olam Agri along the same strong principles of corporate governance and transparency that have always been a part of its culture.”
Sharing his upbeat assessment of the company’s position, Sunny George Verghese, Olam Group’s Co-Founder, Group CEO and Executive Director, added: “I am delighted to welcome our new Chairman and Directors to the Board of Olam Agri, who bring with them significant public and private sector experience, along with relevant sectoral experience, making them ideally placed to steward Olam Agri through the Group’s previously announced plans for Olam Agri. The management team and I greatly look forward to working closely with our new Olam Agri Board and continuing to deliver on Olam Agri’s mission to transform food, feed and fibre for a more sustainable and food secure future for all.”