Board of Directors

Niall Fitzgerald, Chair of the Board at ofi

Niall FitzGerald KBE DSA

Chair and Chair of the Nomination Committee

Date of Appointment: 9 September 2021

 

Niall was Chair and CEO of Unilever for 8 years and an executive board director for 18 years. During his 37 years with the company, Niall served as Finance Director, Foods Director and Detergents Director and during his Unilever career he lived and worked in the UK, the Netherlands, Ireland, the US and South Africa. Niall is Chair of The Leverhulme Trust, Chair Hakluyt International Advisory Council and Patron British Irish Chamber of Commerce. 

 

Niall has chaired a broad range of companies and public bodies including Reuters, Brand Learning, British Museum, Nelson Mandela Legacy Trust, International Business Council and the Advertising Association, and has also served on several Boards, including Bank of Ireland, 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.  

Shekhar Anantharaman, Executive Director and CEO at ofi

A. Shekhar

Executive Director & CEO

Shekhar was appointed CEO of ofi in January 2020 upon its creation following the reorganization of the Olam Group. Shekhar joined Olam in 1992 and has been an Executive Director and a member of the Group Board since 1998. Shekhar held a variety of roles in the Olam Group, he was previously Group Chief Operating Officer, Executive Director – Finance and Business Development, and prior to this he incubated and managed various global businesses including the Nuts, Spices and Packaged Foods businesses, where he led many of the Company’s organic and inorganic growth initiatives. 

Rishi Kalra, Executive Director and CFO at ofi

Rishi Kalra

Executive Director & CFO

Rishi was appointed CFO of ofi in January 2020 upon its creation following the reorganization of the Olam Group. Rishi began his career with Olam in 2000 and during this period has served as CFO India, CFO West Africa, and President and Global Head of Corporate Finance. He is a founding member of the first Circle of Practice in Asia of The Prince of Wales Charitable Project, Accounting for Sustainability (A4S). A4S inspires action by finance leaders to drive a fundamental shift towards resilient business models and a sustainable economy.

Patrick Coveney, Non-Executive Director at ofi

Patrick Coveney

Non-Executive Director

Patrick Coveney became CEO of SSP Group plc in March 2022. Prior to this he was CEO of Greencore Group Plc, a position he held since 2005 and during which time he led Greencore’s transformation into an international leader in value-added convenience food. Prior to joining Greencore, Patrick worked for nine years at McKinsey & Company in Europe and North America. Patrick is a Non-Executive Director of Glanbia plc and Chair of Core Media.

Nancy Cruickshank, Non-Executive Director at ofi

Nancy Cruickshank

Non-Executive Director

Nancy started her career in marketing and advertising roles with Conde Nast, before progressing to a range of general management and transformation roles with BSkyB, VideoJug, Telegraph Media Group, Weve, and until 2021 Nancy was the Chief Digital Officer for Carlsberg.Nancy currently serves as a Non-Executive Director on the boards of In The Style Group plc, Oodle Finance Ltd, Allegro EU SA and Flutter Entertainment plc.  She was previously a Non-Executive Director at Bango plc, Carlsberg Group A/S, On-Mobile Global Ltd and Telecity Group plc.

Nagi Hamiyeh, Non-Executive Director at ofi

Nagi Hamiyeh

Non-Executive Director

Nagi is a Non-Executive Director of Olam Group Limited.  He brings more than 28 years of experience in strategy, corporate finance, mergers and acquisitions, growth equity, private equity and public investing in multiple industries across the globe. Nagi is the Joint Head of Temasek’s Investment Group and is concurrently the Head of Portfolio Development.  Prior to joining Temasek in 2005, Nagi was a banker with Credit Suisse First Boston’s Energy Group and began his career at Bain and Company.

Penny Hughes, Non-Executive Director, Chair of Remuneration & Talent Committee

Penny Hughes

Non-Executive Director, Chair of Remuneration & Talent Committee

Penny’s executive career in the consumer goods industry led to an extensive portfolio board career which spans retail, media, leisure, technology and financial services in both public and private company boards. Penny is currently Chair of the boards of The Gym Group plc and Riverstone Living Ltd and has served as Chair of Aston Martin Lagonda and Chair of the Remuneration and Sustainability board committees for several large cap companies including Royal Bank of Scotland, WM Morrison, The Gap Inc and Vodafone.

Brian May Non-Executive Director, Chair of Audit & Risk Committee

Brian May

Non-Executive Director, Chair of Audit & Risk Committee

Brian’s executive career with Bunzl plc spanned 26 years, including 14 years as Chief Financial Officer, during which period the business underwent significant strategic and operational transformation. Brian is a Non-Executive Director and Audit Committee member for Ferguson plc, a Non-Executive Director, Chair of the Remuneration Committee and Audit Committee member for ConvaTec Group plc, and he previously served on the board of United Utilities Group PLC.

Belinda Richards, Senior Independant Director, Chair of Governance and Nominations Committee

Belinda Richards

Senior Independent Non-Executive Director, Chair of Sustainability Committee

Belinda was a senior partner at Deloitte LLP before embarking on her board career which has a particular focus on the consumer products and financial services sectors. Belinda is currently a Non-Executive Director and Audit Committee Chair for both Avast plc and Schroder Japan Growth Fund plc, as well as a Non-Executive Director for Phoenix Group Holdings plc and Monks Investment Trust plc. Belinda has previously served on the boards of WM Morrison, Grainger and Balfour Beatty.

Amanda Sourry, Non-Executive Director at ofi

Amanda Sourry

Non-Executive Director

Amanda Sourry spent over 30 years of her executive career working for Unilever plc where she gained extensive global marketing and business experience in consumer packaged goods. Amanda was most recently President of Unilever North America, and previously President Unilever Global Foods. She was a Member of the Unilever Leadership Executive from 2015 to 2020. Amanda is currently a Non-Executive Director of The Kroger Co., Trivium Packaging and PVH Corp where she also Chairs the Compensation Committee.

Sunny George Verghese, Non-Executive Director at ofi

Sunny Verghese

Non-Executive Director

Sunny is Group CEO of Olam Group Limited and as part of the re-organisation within Olam, he also became CEO of Olam Agri.  Sunny founded Olam in 1989 after having been with the Kewalram Chanrai Group (KC Group), prior to which he worked for Unilever in India.  From 2018 to 2021 Sunny was Chair of the World Business Council for Sustainable Development (WBCSD), the global, CEO-led organisation dedicated to accelerating the transition to a sustainable world.  He previously chaired CitySpring Infrastructure Management Pte Ltd, a listed Business Trust in Singapore and was also a Commissioner of the Business and Sustainable Development Commission (BSDC).

Carole Wainaina

Non-Executive Director

Carole is currently Senior Advisor to the CEO at Africa50, an investment fund set up by African governments and the African Development Bank to help bridge Africa’s infrastructure funding gap. Carole was previously the Chief Operating Officer since 2017. Her previous executive appointments include EVP & Chief HR Officer at Royal Philips Ltd, and at the Coca-Cola Company where Carole held the roles of Chief of Staff for the Chairman & CEO, as well as HR Director for EuroAsia & Africa. In addition, Carole was Assistant Secretary General for Human Resources at the United Nations. Carole is a Non-Executive Director of Helios Towers Plc.

Niall Fitzgerald, Chair of the Board at ofi
Niall FitzGerald KBE DSA
Chair and Chair of the Nomination Committee
Shekhar Anantharaman, Executive Director and CEO at ofi
A. Shekhar
Executive Director & CEO
Rishi Kalra, Executive Director and CFO at ofi
Rishi Kalra
Executive Director & CFO
Patrick Coveney, Non-Executive Director at ofi
Patrick Coveney
Non-Executive Director
Nancy Cruickshank, Non-Executive Director at ofi
Nancy Cruickshank
Non-Executive Director
Nagi Hamiyeh, Non-Executive Director at ofi
Nagi Hamiyeh
Non-Executive Director
Penny Hughes, Non-Executive Director, Chair of Remuneration & Talent Committee
Penny Hughes
Non-Executive Director, Chair of Remuneration & Talent Committee
Brian May Non-Executive Director, Chair of Audit & Risk Committee
Brian May
Non-Executive Director, Chair of Audit & Risk Committee
Belinda Richards, Senior Independant Director, Chair of Governance and Nominations Committee
Belinda Richards
Senior Independent Non-Executive Director, Chair of Sustainability Committee
Amanda Sourry, Non-Executive Director at ofi
Amanda Sourry
Non-Executive Director
Sunny George Verghese, Non-Executive Director at ofi
Sunny Verghese
Non-Executive Director
Carole Wainaina
Non-Executive Director

Read ofi news

Blog Sep 1, 2022

How local cashew processing can be a catalyst for sustainable growth

By Arouna Coulibaly, Managing Director Côte d’Ivoire, ofi (olam food ingredients)

 

Snack bars, spreads, nut-milks, cookies, and other sweet treats; cashew is becoming an increasingly popular ingredient across applications from bakery to beverages, feeding demand for healthier snacking options and plant-based proteins. Many of these versatile and tasty nuts are produced in Côte d’Ivoire, which is the biggest exporter of cashew in the world. They are one of the country’s top three cash-crops, yet only around 10% of raw cashew is processed locallyi, with the rest shipped to Asia for its more advanced, mechanized facilities at lower costs.

 

As a result, the value to be created from cashew processing also leaves the country. As the largest processor of cashew in Africa, ofi’s Côte’d’Ivoire team is well-placed to be the change for a more integrated and sustainable value chain. For over a decade, our cashew teams have invested in modern machinery to mechanise and expedite local processing, with the creation of over 3,000 direct jobs at our four private processing facilities, more than 70% of which are held by women.   

 

Recently, we’ve partnered with three national cashew processing units in the country’s northern growing region. Our teams will train workers on proper use of equipment and quality control techniques and help build commercial relationships to enhance marketing prospects for the processed kernels.

 

To expand these efforts, we are working with the Prosper Cashew project to stimulate growth in the country’s processing sector and increase returns to cashew communities. This latest collaboration between ofi and NGO TechnoServe, will provide technical support to farmers and processors and facilitate access to critically needed working capital.

 

We are one of many actors in the supply chain trying to address intractable challenges like rural poverty and child labor, so multi-stakeholder action is critical to deliver meaningful change at scale. The combined technical and on-the-ground resources of these partnerships will also build on some of our existing programs at farm-gate, where smallholders often battle low yields and quality from a lack of finance, inputs, and training. These include increasing agricultural productivity, reducing waste with improved crop residue management, and community development initiatives focused on tackling malnutrition and building health and sanitation infrastructure. This will contribute to our 2030 target under Cashew Trail for our teams around the world to support the livelihoods of 250,000 cashew households.

 

Stepping up value-generating activities in producing countries by processing at source, creates traceable cashew kernels with a lower carbon footprint, along with jobs and economic opportunity for farmers, workers, and communities for the long-term. It leaves better-quality cashew that delivers on both sensory and sustainability expectations.

 

 

i Reuters

News Aug 17, 2022

How can companies implement effective workforce nutrition programs? 

Press Release Sep 27, 2022

ofi drives climate action in global cocoa supply chain

ofi (olam food ingredients), a global leader in naturally good food and beverage ingredients, says it substantially advanced towards the climate goals stated in its Cocoa Compass sustainability report 2020/21 – the year of COP26. In order to achieve the structural change required to have an impact at scale, the report makes clear that work on the ground in cocoa communities should be supported by international collaboration and regulation.

 

In the report, published today, ofi shares its sustainability progress across its cocoa supply chain, achieved in collaboration with customers and partners, and benchmarked against three years of impact data. From the Brazilian Amazon to the landscapes of Côte d’Ivoire, the company has taken further steps to protect and restore forests: it distributed 1.75m trees to farmers (a 356% increase since 2017/18) and enhanced the accuracy of its deforestation monitoring, having polygon mapped two-thirds of its sustainability programs.

 

ofi also invested to reduce its COemissions per metric ton of product output from its cocoa processing facilities, down by 19% since 2018, by installing circular biomass boilers fueled by waste cocoa shells and switching to green electricity. The boiler at the Koog aan de Zaan facility in the Netherlands, where it produces its premium cocoa ingredient brand, deZaan, will now allow ofi to target a further 50% cut in natural gas usage, which will lead to a significant reduction in COemissions.

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