Glencore Agriculture is a standalone business governed by its own board of directors.
The Board comprises 6 directors, including 5 non-executive directors. Alongside the CEO, Chris Mahoney, two of the directors are appointed by Glencore, two by Canada Pension Plan Investment Board (CPPIB) and one by British Columbia Investment Management Corporation (bcIMC).
At shareholder meetings Glencore, CPPIB and bcIMC representatives vote in proportion to their shareholdings, subject to certain reserved matters.
Mr Chris Mahoney (CEO)
Mr Chris Mahoney joined Glencore in September 1998. From September 1998 until November 2002, he was responsible for Glencore’s agricultural product activities in the CIS, South Africa and South America. In November 2002, he became director of the Agricultural Products business segment, overseeing all global farming, logistics, processing and marketing businesses, responsible for both strategy and operations. In December 2016 following the acquisition of 50% of Glencore Agricultural Products by CPPIB and BCIMC and the formation of Glencore Agriculture Ltd he became Chief Executive Officer. Before joining Glencore, he spent 17 years with Cargill, being based in the UK, the U.S., Singapore and Switzerland, and held various management positions in sugar and grain, gaining expertise in the agricultural products industry and marketing operations. He graduated from Oxford University.
Mr Ernest Mostert (CFO and Permanent board observer)
Mr Ernest Mostert is Chief Financial Officer for Glencore Agriculture. He joined Glencore in 1997 as Financial Controller of the South African operations. He moved to Rotterdam in 1998 and was appointed CFO of Glencore’s Agricultural Products division in 2006. Mr Mostert is a Chartered Accountant (S.A.) and a graduate of RSM’s Erasmus University MBA programme in Rotterdam.
Mr Paul Smith
Mr Paul Smith is Head of Strategy for Glencore plc. He graduated from Oxford University and then qualified as a Chartered Accountant. His career to date has included a variety of financial market roles including equity analysis and fund management. Mr Smith joined Glencore in 2011 and is a member of the Capital Allocation Committee.
Mr Markus Walt
Mr Markus Walt is Head of Business Development for Glencore plc, based in Baar, Switzerland. He has been with Glencore since 1999 and is a member of the Capital Allocation Committee. He graduated from Zurich University with an MBA and is also a CFA charterholder.
Mr Bruce Hogg
Mr Bruce Hogg is Managing Director and Head of Infrastructure - Americas for CPPIB. In this role, he is responsible for the Toronto, Sao Paulo and Sydney based teams that identify, execute and manage significant infrastructure investments in the Americas and Australia. Prior to joining CPP Investment Board in October 2007, he led the private markets infrastructure team at OPTrust. Previously, Mr. Hogg spent a number of years working with Macquarie Bank in London and Toronto in corporate finance after having worked in investment banking at RBC Dominion Securities. He holds a Bachelor of Laws degree from the University of Toronto and a Bachelor of Commerce degree from the University of Alberta.
Mr Tim Formuziewich
Mr Tim Formuziewich is a Senior Principal in the Infrastructure Group at CPPIB, based in Toronto, and in that role leads CPPIB’s agriculture investments. Prior to joining the CPP Investment Board, Tim was a Managing Partner with Brookfield Asset Management in Toronto and Rio de Janeiro. He graduated from Acadia University, qualified as a Chartered Accountant (Canada) and is a CFA Charterholder.
Mr Lincoln Webb
Mr Lincoln Webb is a senior vice president at bcIMC, a multi-asset class investment organization with more than C$124 billion under management. Based in Victoria, British Columbia and supported by industry-leading expertise, bcIMC invests in all major asset classes. Lincoln leads the firm's Infrastructure group, which manages a growing private market portfolio of C$12 billion and has been investing on a global basis since 1995. As a member of bcIMC’s executive management team, Lincoln is also engaged in setting strategic direction and overall management of the company.
Currently, Lincoln serves on the Presidential and Supervisory Boards of Open Grid Europe - Germany's largest gas transmission utility, and is a director on the boards of the Corix Group of companies (North American Utilities), Teays River (International Agriculture and Food), TimberWest Forest Company (Canadian Timberlands), and Cleco Corp (US Utility). He is a past director of Puget Energy in Washington State, DBCT Ports of Australia, Aquarian Water of Connecticut, Thames Water, and Transelec S.A., Chile’s largest transmission utility.
Lincoln holds an MBA (International Business), CFA, MCP (Architecture), an Advanced Management designation from INSEAD, and is a past attendee of management programs at HHL (Germany) and Harvard Business School.