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Board of Directors

Paul Selway-Swift
Non-executive Chairman

Paul worked with the HSBC Group for 30 years, where he was an Executive Director of HSBC Hong Kong until 1996 and Deputy Chairman of HSBC Investment Bank in London until 1998. He is currently the Chairman and a Director of Atlantis Investment Management (Ireland) Ltd and Non-Executive Director of Temenos Group AG. Additionally, he is a Non-Executive Director of Harvard International Plc, China Export Finance Ltd and Li & Fung Ltd.

He was appointed Chairman of the Company in December 2007 and also chairs the Nomination Committee.

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Magomet Malsagov
Managing Director

Magomet has held the position of CEO since founding the business in 2001.

He is primarily responsible for leading the successful establishment of the Group's entire supply chain from the plantations and extraction facilities to the refinery plants around the world. As CEO, he further establishes the Group's business direction and strategies along with his management team and is responsible for managing the growth and development of the Group's business.

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Peter Milsted
Sales & Marketing Director

Peter is a British national and joined the group in December 2006 as Vice President Commercial of PureCircle Malaysia. He originally qualified as an Applied Scientist from Birmingham University and has held a variety of senior posts in international specialty chemicals management.

At ICI, he was a member of the Executive Management team for Uniqema, a global manufacturer of specialty chemicals, where he held the position of Vice President Asia. Prior to joining ICI he was a divisional director of Unichema, the Unilever oleochemicals company. From 1992 to 1995 he was Managing Director Unichema Australia and from 1988 to 1992 he was the Head of Fragrance Division for Quest Brazil. He then founded Perfume Lab.com a French registered perfumery house in 2004.

Peter is primarily responsible for providing leadership relating to the global and regional sales and marketing and the business development functions of the Group. He is also responsible for developing product strategies, benchmarking and competitor analysis to better position the Group’s products in the marketplace and to develop the group’s distribution channels.

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William Mitchell
Chief Finance Officer

William brings with him a wealth of relevant experience to the PureCircle team having worked extensively in the global capital markets, food and beverage and technology industries.

William is a FCA who trained with Price Waterhouse London. At PW, he advised major international food and beverage consumer package goods businessesand private equity firms on mergers and acquisitions and post acquisition integrations.

He was part of the management buyin-buyout team that acquired Tetley Tea, the number 2 global tea brand, from Allied Domecq in a GBP190 million leverage buyout.

Most recently William was Finance Director of EnQii Holdings PLC, a global market leader in the fast growing digital media industry. William joined PureCircle in June 2008.

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Olivier Maes
Non-executive Director

Olivier is a French national and joined PureCircle as a Non-Executive Director of PCSB in November 2006 before being appointed to the Board in December 2007. He read business at Ecole des Hautes Etudes Commerciales (MBA HEC) Paris and is presently the Chief Executive Officer of Groupe Aoste, the leader of processed meat industry in France and member of the executive team of Campofrio Group, European leader of processed meat market.

Olivier formerly served as CEO of General Biscuits Benelux, a leading biscuits and cereals products company and a member of the Kraft Group and held CEO positions of various companies in Europe and Asia for Danone Group.

He has more than 20 years of experience within Danone Group in the dairy, beverages and biscuits sectors in Western Europe and Asia where his responsibilities included general management, sales and marketing, mergers and acquisitions, industrial and supply chain development, as well as the expansion of its production operations.

Olivier chairs the Remuneration Committee.

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John Slosar
Non-executive Director

John is a US national and originally joined the group as a director in November 2006. He holds degrees in Economics from Columbia University in New York and Cambridge University in England.

John has been an Executive Director of Swire Pacific Limited since May 2006 and is responsible for the company’s Beverages Division. He joined the Swire Group in 1980 and worked with the group’s Aviation Division in Hong Kong, the United States and Thailand. He was appointed Managing Director of Hong Kong Aircraft Engineering Co. Ltd. in 1996. In July 1998, he was appointed Managing Director of Swire Pacific’s Beverages Division. In 2000, he joined the board of John Swire & Sons (H.K.) Ltd, and in March 2007 he was appointed the Chief Operating Officer of Cathay Pacific Airways.

 

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Peter Lai Hock Meng
Non-executive Director & Chairman of the Audit Committee

Peter Lai has more than 25 years experience in financial services industry including central banking, investment banking, private banking, stock broking, venture capital, asset management, treasury management and private equity investments. As a veteran investment banker, he currently sits on the board of several listed companies as independent director.

Peter graduated with a BA in Economics from the University of Cambridge, England. He is also a CFA charter holder from the CFA Institute, USA. He joined PureCircle in June 2008 and is the Chairman of the Audit Committee.

 

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Sunny George Verghese
Non-executive Director

Mr Sunny George Verghese is the Group Managing Director and Chief Executive Officer of Olam International Limited (“Olam”). Sunny holds a post graduate management degree from the Indian Institute of Management (IIM), Ahmedabad and has also completed the Advanced Management Program (AMP) from the Harvard Business School. Sunny worked for the Unilever Group in India before he joined the Kewalram Chanrai (KC) Group in 1986. In 1989, the KC Group mandated Sunny to start a greenfield agricultural products export business for the Group, Olam.

Sunny is responsible for setting the direction and providing the leadership to steer the Company through its expansion and growth plans. He is responsible for the strategic planning, business development and overall management for the Olam group of companies worldwide. He is also a member of the Olam Board’s Finance & Investment and Risk Committees. Olam is listed on the main board of the Singapore Exchange Securities Trading Limited (SGX) and ranks amongst the top 40 companies in Singapore in terms of market capitalization (as of February 2008) and is a component stock in the 30 stock benchmark STI Index)

In the short span of 18 years, Sunny and his team have built this business to S$5.46 billion in Sales Revenues for the year ended June FY 2007. Today, the Company has operations in 56 countries, delivering 17 products to more than 4,000 customers in 60 destination markets. Olam employs over 8,500 people worldwide.

Olam is today a leading global supply chain manager of agricultural products and food ingredients. The Company offers an end-to-end supply chain solution for various agricultural raw materials to its customers, which includes many of the world’s internationally recognized packaged food brands, offering them reliability, consistency, trust, traceability and other value added services. This unique brand of supply chain management has earned Olam a global reputation as the Brand behind the Brands”. Olam enjoys a leadership position in many of its businesses, including cocoa, coffee, cashews, cotton, rice, sesame and teakwood.

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