By KYIV. Oct 31 (Interfax-Ukraine) – The agricultural holding Nibulon has created an international advisory council to form a strategy for the next stage of its development, within which foreign experts Gert Bosscher, Ton Huls and Gilles Mettetal will deal with corporate governance issues at the holding.
As reported on the company’s Facebook page on Monday, in addition to appointing members of the advisory board, Nibulon has engaged international consulting companies Deloitte and Lazard to develop corporate governance processes in accordance with international practices.
"The company continues to adapt to the new operational realities caused by the war… My mission is to ensure that over the next years Nibulon remains a strong, profitable and efficient company… I have hired an outstanding group of international business experts to help guide the leadership team in shaping a growth strategy in this challenging environment… and I am grateful to Gert, Ton and Gilles for being willing to join us and play their part in creating a bright future for the company," the message contains the words of Andriy Vadatursky, General Director.
The advisory board is said to provide the corporate governance needed to take Nibulon to the next level.
The report states that Bosscher has 35 years of experience in the grain industry, in particular, in Central Europe and the Black Sea region. He has held senior positions in international companies such as Glencore (now Viterra), Nidera (now Cofco), Australian Wheat Board and Bunge.
Huls previously worked in Ukraine as a CFO, banker and structured trade finance specialist. From 2015 to 2018, he was CFO and Director for Restructuring of Mriya Agricultural Holding, one of the largest agricultural companies in Ukraine. He also previously held the position of CFO of Allseeds, a Ukrainian exporter of sunflower seeds.
In turn, Mettetal heads the Ukrainian private equity fund of Diligent Capital Partners, has 30 years of experience in financing projects in agribusiness, real estate and other sectors. He was responsible for more than 600 transactions worth EUR 7 billion in over 40 countries.
JV Nibulon LCC was established in 1991. Prior to the Russian invasion, it had 27 transshipment terminals and grain receiving complexes, elevator capacities of 2.25 million tonnes and a fleet of 83 ships (23 of them tugboats), as well as Mykolaiv Shipbuilding Plant. Nibulon cultivated 82,000 hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries of the world.
