ED&F Man Appoints Chris Mahoney As Non-Executive Chairman
Agricultural commodities and financial services merchant ED&F Man has appointed Chris Mahoney as its non-executive Chairman, effective 15th March 2021.
Mahoney has almost 40 years’ experience in the agricultural commodity processing, handling and trading industry with a particular focus on both soft commodities and the grain and oilseeds sectors. The appointment follows the decision to return to ED&F Man’s traditional governance structure, separating the roles of Chairman and Chief Executive. Rafael Muguiro, currently holding both posts, will focus on his role as Chief Executive, with overall responsibility for leading the management team and implementing the Group’s announced strategic plans.
“I am delighted that Chris is joining the Group and look forward to benefiting from the deep experience and knowledge he brings. His contributions as Chairman will be very welcome as we continue to move forward in this new chapter in our history, against a challenging external environment, but also in the context of a more stable financial position following our refinancing, completed in September of last year. Chris’ appointment complements the recent addition of two independent non-executive Directors to the Board and a Chief Restructuring Officer, as we refocus the Group on its core trading roots and divesting non-core processing assets. Whilst the global pandemic continues, our commodity trading and brokerage divisions have remained very much open for business, continuing to serve our clients and customers, as we have done for over 230 years.”
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