Carfax Commodities is a global trader, merchandiser and distributor of food commodities. We nourish the world in a safe, responsible and sustainable way. An exceptional understanding of the agricultural commodity market complexities coupled with a strong network of contacts. We are a trusted partner, adviser and friend to our clients. Offering insightful and bespoke supply chain solutions. Offering decades of experience, a strong global network, resourceful origination, competitive container freight sourcing and an incisive grasp of logistics chain complexities. We enhance value by connecting the origin producer with the ultimate consumer in a much better way. Our management expertise and on-the-ground experience of all aspects of the supply chain assures your cost-effectiveness. Our customers gain personal advantage from the leverage we provide.Visit us at www.carfaxcommodities.com

Reporting to the Tereos Group Executive Committee. Appointed to inaugurate and lead a globally dispersed merchandising, distribution and trading unit. • Developed a culturally mixed, intensely cohesive global team of over 40 people. Established three destination/distribution offices, one administrative office and two origination structures. By March 2019 we had built a trading book of 1.4 million tonnes, establishing Tereos as the third largest white sugar trading business in the world.• Directed the global sugar cash and derivative trading strategies as well as all FX risk positions. Monitored, assessed and adjusted to the macroeconomic, political, fund, speculative and cross commodity influences on the market.• Executive member of Brazilian and European Business Unit Risk Management teams determining the derivatives pricing strategy for the Group. Board Member of Distribuidora Nacional de Acucar (DNA), Mozambique, the sole entity looking after the domestic distribution of the sugar produced by the three milling Groups in Mozambique. • Created, continually reviewed and optimised the evolution of the financial model of equity, working capital and bank lines required as business grew. Managed the necessarily high-level relationships with banks and built trade finance lines of over USD 200 million over 5 years.• Defined and refined the risk policies and procedures of the trading unit, including the communication protocol with Group.• Led the project team that specified user requirements, appraised and selected the Commodity Trading and Risk Management (CTRM) software system and trading platform. Drove project implementation and continual improvement of the system.• Managed an operations improvement project alongside Mews Management Consultants and Bollore Logistic. Business processes were benchmarked against sugar industry best practice as well as those of other industries moving large volumes of product in smaller consignments.

Reporting to the Global Trading Manager, led a global trading team of 12 with the mission of re-building the white sugar-trading book. The strategic aim was to establish a dominant presence in key swing countries driving the dynamics of the ICE White Sugar futures market.• Led and empowered the young team that secured our leadership in the global white sugar trade. Managed an exceptionally profitable book, trading 2.2 million tonnes per annum at its peak.• Directed the trading strategy of the global whites physical and derivative positions, disseminated key price drivers to the Global team and strategy outcomes to the senior stakeholders. Continuously reviewed accuracy and assumptions of the supply/demand and trade flow balance sheets. • Built the essential destination trading business in Middle East and Africa, engaged with Group rice and coffee structures in Africa to explore the business development opportunities that led to the gain of a 20% market share of the Brazil to West Africa flow. Developed Dubai a regional sugar hub for our white sugar trading activities.• Formed and directed the multi commodity distribution project team, directed market analysis and formulation of the business plan and organisational structure for each location. This role fostered incisive understanding of hedging strategy for a diverse global sugar business - from the white sugar risk management for our Brazilian mills to coaching the very young trading team in South East Asia on correct positioning and hedging our Thai origination book. Valuable insights were gained into the rightsizing of physical and futures plays - to avoid over-stressing the system and risking unacceptable failure or reduced agility to enter and exit a particular strategy.

Based in Bangkok, Thailand, and reporting to the Commercial Manager for Africa, Middle East and Asia. My prime remit was to establish a trading footprint in Asia for Tate & Lyle International, the trading arm of Tate & Lyle PLC. Responsibility was for both raw and white sugar and covered the entire area East of Pakistan. • Recruitment and training of a small team and appointment of local representatives in each target country.• Risk analysis of pre-crop financing facilities to the key Thai producers.• Developed a diversified sales book in the SE Asian region. Became a key supplier of whites into Bangladesh and later a significant raw supplier to the new refineries. • Developed the Group’s understanding of the trading opportunities in India including building a formidable business relationship with Shree Renuka Sugars, a significant Indian player.I formed a very close relationship with the Thai industry and broad understanding of its operating dynamics. I developed my cash origination and futures position management and consolidated my communication skills and business development ability.