Press Release

Olam International Limited (“Olam”, “the Company” or “the Group”) announces that A. Shekhar, Executive Director – Finance & Business Development for the Group, is being promoted to the newly created position of Executive Director & Group Chief Operating Officer (ED & Group COO) with effect from today.

In his new role as ED & Group COO, Shekhar will assist Co-Founder and Group CEO Sunny Verghese in overseeing all aspects of Olam’s business.

Shekhar has spent over 24 years in the Company and during this period, has had the opportunity to work in various Regional, Business Unit and Functional roles and developed deep insights into Olam’s overall business.

Shekhar holds a Bachelor’s Degree in Aeronautical Engineering and a Master’s Degree in Business Administration. He has also completed the Advance Management Program from the Harvard Business School.

The Company also wishes to announce the appointment of Neelamani Muthukumar(“Muthu”) as its Group Chief Financial Officer (Group CFO) with immediate effect.

As Group CFO, Muthu will be responsible for regional and product finance, corporate planning and budgeting, financial and management reporting, banking and treasury, investor relations and the corporate secretarial functions of the Group.

Muthu has been with Olam for more than 18 years and is currently the President and Global Head, Corporate Finance.

Muthu holds a Bachelor’s degree in Science and is a qualified Associate Member of the Institute of Cost and Works Accountants of India.  He completed the Advanced Management Program from Wharton Business School, University of Pennsylvania.