Allseeds has updated Supervisory Board

One of the largest producers and exporters of vegetable oils in Ukraine - Allseeds Group on March 13, 2019 formed a new Supervisory Board.It was headed by Dan Pasko - managing partner of Diligent Capital Partners investment company.

Dan has more than 15 years of experience in investment and strategic management in Central and Eastern Europe.  “For Diligent Capital Partners, it is important and pleasant to be directly involved in the development of the business in which we have invested. Allseeds is a strategic partner of our сompany, and I am confident that further cooperation in corporate governance, strategic planning, risk management will be fruitful, will allow Allseeds to reach a new level not only of regional importance, but also of global, ” commented Dan Pasko, the Head of the Supervisory Board.

Patrick Bracken also became a member of the Supervisory Board. Patrick led the company Cargill Ukraine, was a member of the Board of Directors of the Ukrainian Grain Association, founded with the assistance of the United States Agency for International Development (USAID). “I am honored and excited to join the very talented board of Allseeds. The company has established a very successful track record and has dynamic growth potential.  I am looking forward to participating in developing the strategy to grow the business into its next phase, ” commented the new member of the Supervisory Board Patrick Bracken.

The members of the Supervisory Board are to determine the priorities of the current activities and future development of the company and form KPI.

The Head of the Allseeds group, Viacheslav Petryshche, commented on the company's plans and the appointment of new members of the Supervisory Board:  “The financial and institutional support from our partners, FMO and DCP, gave a powerful impetus to the development of the Allseeds Group as a whole and in particular our business in the current marketing year. Therefore, we have every reason to successfully work out and complete this year, laying a solid foundation for the further development of the company in accordance with plans approved by the new composition of the Supervisory Board. ”

Recall that in 2018, the Netherlands Development Bank FMO and Diligent Capital Partners jointly acquired a 16% stake in Allseeds SA, providing funding for the implementation of the company's growth strategy.

Note:

Diligent Capital Partners is an independent private equity fund that brings together a strong team of professionals with over twenty years of investment experience in the Eastern European region. The focus of the fund is on agriculture, IT, e-commerce, infrastructure, logistics, consumer goods and real estate.

Allseeds is one of the largest producers and exporters of vegetable oils and oilseed meal in Ukraine. The company provides services for transshipment of vegetable oils and oilseed meals at its terminals in the Yuzhny port, where tankers with a deadweight of more than 100 thousand tons with a draft of up to 14.6 meters can be serviced, which is a unique place for transshipment to remote places such as like China, India, Middle East. The company has a reputation of a reliable and highly professional partner in the markets of agricultural products.

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