olam food ingredients (“ofi”) announces the appointment of Nancy Cruickshank, Nagi Hamiyeh and Sunny Verghese to its Board of Directors
ofi, a global leader in naturally good food & beverage ingredients, announces the appointment of three Non-Executive Directors to its Board of Directors (“the Board”). ofi was created in early 2020 following the announcement of the re-organisation within Olam International Limited (“OIL”) to unlock and maximise its long-term value.
ofi intends to seek a primary listing on the premium segment of the London Stock Exchange, and a concurrent secondary listing in Singapore. However, in light of current market conditions as a result of the ongoing conflict in Ukraine, we do not currently expect the IPO of ofi to take place during Q2 2022, as previously anticipated. We remain committed to pursuing a public listing of the business and will evaluate the appropriate timing of such a listing on an ongoing basis, taking into account prevailing market conditions.
Further information on the incoming Non-Executive Directors is given below: