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Singapore, September 9, 2021 – Olam International Limited (“Olam”) at this time declares that Niall FitzGerald has been appointed because the Chair of the Board of Directors for its working group, Olam Food Ingredients (“OFI”), efficient 9 September 2021. OFI was created in early 2020 following the announcement of the re-organisation of Olam to unlock and maximise its long-term worth. OFI intends to hunt a major itemizing on the premium phase of the London Stock Exchange, and a concurrent secondary itemizing in Singapore in H1 2022.
Niall is a broadly revered and skilled enterprise chief. His government profession with Unilever spanned 37 years, together with 18 years as an government board member, throughout which interval he served as Finance Director, Foods Director and Detergents Director till his appointment as Chair and CEO in 1996; a place he held for 8 years till 2004.
Niall has chaired a broad vary of firms and public our bodies together with Reuters, Hakluyt, Brand Learning, British Museum, Nelson Mandela Legacy Trust, International Business Council and the Advertising Association. He has additionally served on a number of Boards, together with Bank of Ireland, Ericsson, Merck, Prudential Corp, the Foundation Board of the World Economic Forum, International Policy Council for Agriculture and Trade and was President of South Africa’s International Advisory Council. His present engagements embody Chair of The Leverhulme Trust, Chair Hakluyt International Advisory Council and Patron British Irish Chamber of Commerce.
Commenting on the appointment, Chairman of Olam’s Board of Directors, Lim Ah Doo stated: “On behalf of the Olam Board, I’m happy to welcome Niall FitzGerald, a extremely profitable and distinguished worldwide enterprise chief to be the primary Chair of the Board of OFI. Today’s announcement is a crucial step in our ongoing preparations for the concurrent itemizing and demerger of OFI. I’m assured that Niall will construct and lead an efficient Board for OFI, which is able to present stewardship for sustained worthwhile development and worth creation with best-in-class governance for all its stakeholders.”
Niall FitzGerald commented: “It is an honour to be invited by the Olam Board to turn into the primary Chair of the Board of OFI. I’m delighted to hitch this thrilling enterprise which is true on pattern via its pure components portfolio which has an enormous development potential internationally. The observe file in displaying how business success, a passionate dedication to sustainability and constructive social influence can combine successfully, has a selected enchantment. The alternative to convey this enterprise to the general public markets and recruit a various and expert board will even be a brand new problem. I stay up for supporting Shekhar and his gifted government workforce as they pursue sustained worthwhile development with measurable social and environmental influence.”
A Shekhar, Chief Executive Officer of OFI commented: “It might be a privilege to work with Niall and I’m assured that his intensive enterprise expertise and the community that he has constructed over his stellar profession will convey vital advantages to OFI. OFI has an amazing legacy and an thrilling future forward and Niall’s appointment comes at an necessary subsequent section of our evolution, by which his counsel and assist might be vastly priceless for me and my administration workforce.”