Olam Group appoints new directors to Olam Agri's board

The appointments are effective on July 1.

Olam Group has appointed eight new members to Olam Agri’s board of directors. The appointments are effective on July 1.

Olam Agri, a food, feed and fibre agribusiness, was carved out of Olam Group Vc2 following the group’s re-organisation of its business portfolio.

The eight board members collectively sit across four of Olam Agri’s board committees, which are the governance, nomination, talent and remuneration committee, the audit & compliance committee, the risk & market compliance committee, and the sustainability committee.

The directors 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.

• 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.

• Sulaiman Airumaih: non-executive and non-independent director and member of the governance, nomination, talent & remuneration and sustainability committees.

• Anuj Maheshwari: non-executive and non-independent director and member of the governance, nomination, talent & remuneration committee.

• Sunny George Verghese: Group CEO and executive director of Olam Group and Olam Agri and member of the risk & market compliance and sustainability committees.

“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,” Serge François Schoen, chairman of the Olam Agri board.

“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,” says Sunny George Verghese, Olam Group’s co-founder, group CEO and executive director.

As at 10.15am, shares in Olam Group are trading flat at $1.39.

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