Olam Group appoints Board of Directors to Olam-Agri sector

The Olam Group Limited has announced the appointment of eight members to Olam Agri’s Board to chair the activities of the company’s agri-business sector effective from July 1, 2023.

Olam Agri was carved out of Olam Group following the reorganization of the group’s diverse business portfolio to unlock long-term value.

Olam Agri is a food, feed and fibre agri-business with a global origination footprint, processing capabilities and a focus on emerging markets. Its products and services include grains and oilseeds, flour, pasta, integrated feed and protein, rice, edible oils, speciality grains and seeds, cotton, wood products, rubber, commodity financial services and funds management.

The eight board members 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.

Those appointed are Mr Serge François Schoen, Non-Executive and Independent Director, and Chairman of the Board of Directors, Chairman of the Governance, Nomination, Talent & Remuneration Committee.

Ms Hixonia Nyasulu, Non-Executive and Independent Director, Vice Chair of the Board of Directors, Chair of the Sustainability Committee.

Ms Eng Chin Chin, NonExecutive and Independent Director, Chair of the Audit & Compliance Committee.

Mr Pierre Lorinet, NonExecutive and Independent Director, Chairman of the Risk & Market Compliance Committee. Ms Jenifer Thien, Non-Executive and Independent Director.

Others are, Mr Sulaiman AlRumaih, Non-Executive and Non-Independent . Mr Anuj Maheshwari, Non-Executive and NonIndependent Director. Mr Sunny George Verghese, Group CEO and Executive Director of Olam Group and Olam Agri.

Mr Schoen 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.”