Two-time Tory Party leadership hopeful Tom Tugendhat, the senior British politician, is joining Sulnox’s new advisory board of global supply chain heavyweights.
The greentech company, which is backed by major shipping investors including Idan Ofer and Constantine Logthetis, says the Global Advisory Board will provide strategic guidance to the Sulnox Board of Directors as the Company expands its role as a leading partner for industries transitioning to cleaner energy.
The new group comprises accomplished leaders with diverse expertise spanning supply chain management and transformation, national security, sustainability, energy, and global business development. Its collective knowledge and networks will help Sulnox refine its proposition, enhance commercial capacity, and pursue new revenue opportunities worldwide.
The Global Advisory Board will initially comprise:
Yannis Skoufalos
Mr Skoufalos has extensive global operational experience and a unique track record in supply chain management spanning more than three decades. Between 2011 and 2019, Yannis Skoufalos was Global Product Supply Officer of Procter & Gamble, a US-headquartered consumer goods company. Throughout his successful 35-year career with Procter & Gamble, he also held other supply chain roles with increasing responsibility, including sustainability within the supply network. He served as Supply Chain Officer of privately held Blue Triton between 2021 and 2022. His present board and advisory roles include Sandoz, the global pharmaceutical group, and Sustana Group, a recycled paper fibre company privately held by Blackstone. He is a senior advisor to Blackstone on supply network matters.
Ambassador Lincoln P. Bloomfield Jr.
Ambassador Bloomfield is an American national security expert with a distinguished career spanning more than four decades in US foreign and defence policy, in which he served five administrations in senior positions. Beyond government service, Ambassador Bloomfield has been active in policy and advisory capacities. His present roles include President of Palmer Coates LLC, a strategic advisory firm specialising in international affairs and sustainability, and Chairman Emeritus of the Stimson Center, a non-partisan think tank focused on global security issues. He also serves as Strategic Advisor to Seatrec, Inc., and on the Boards of the US Water Partnership, Global Environment & Technology Foundation, Mana Pacific, and The Last Kilometer, focusing on sustainability and energy access.
Rt Hon Tom Tugendhat MBE VR MP
Mr Tugendhat has served the United Kingdom for over 25 years, in the British Army, Parliament, and Government. He saw active service in Iraq in 2003 and Afghanistan from 2005. He was elected MP for Tonbridge in 2015, and elected to chair Parliament’s Foreign Affairs Committee in 2017 until he was appointed to Cabinet as Security Minister in 2022.
Tom modernised national security laws, oversaw intelligence agencies, and spearheaded initiatives against online child exploitation, fraud, and cybercrime.
Before Parliament, Tom served as an intelligence officer and worked for the Foreign Office. He helped establish Afghanistan’s National Security Council and the government in Helmand Province. He has also been a journalist, is regularly consulted for geopolitical analysis, and is a successful angel investor.
Nick Cochrane-Dyet MBE
Mr Cochrane-Dyet is a long-standing advisor and business leader with deep ties to the United Arab Emirates and the wider Gulf region. A former British Army officer and Citicorp Investment Bank representative, he joined BP in 1989 and continued to advise the company’s Chief Representative in Abu Dhabi on a range of matters across the Emirates and the Gulf region until 2024.
He has chaired the British Business Group and during Covid started the British Chamber of Commerce, Abu Dhabi, where he is now the Emeritus Chair. He is an Ambassador for the Energy Industries Council, a member of APCO’s International Advisory Council and an advisor to Muscat Precious Metals Refinery. He has held a senior advisory role with Squire Patton Boggs and helped established Sightsavers, Middle East.
Mr Cochrane-Dyet also sits on the advisory board of NYU Abu Dhabi’s Center for Smart Engineering Materials. In 2012, he founded the UAE-UK Business Council and was awarded an MBE in 2013.
Constantine Logothetis (Chairman of the Global Advisory Board)
Mr Logothetis is the Chairman of Alithea Capital, a private family office dedicated to direct investments. Prior to founding Alithea, he was the Founding Executive Vice Chairman of the Libra Group, a global business group comprising 20 businesses across 60 countries. Mr Logothetis serves as a Board Member of Libra Group, Chairman of the Global Advisory Board of Gravity Private Wealth, Ambassador for Digitalis Group, Trustee of the Hellenic Initiative, and a member of the Leadership Council of Concordia and the UK Advisory Board of Penn Medicine.
Commenting on the new Global Advisory Board, Sulnox Group chairman, Radu Florescu, said:
“It is a great privilege to welcome these distinguished individuals to Sulnox. This new group represents a milestone in our mission to become a leading greentech partner for industries striving to accelerate the energy transition. We are committed to broadening our capacity for pursuing revenue opportunities, while gaining access to invaluable high-level insight for refining our proposition to customers. I look forward to working closely with our new Global Advisory Board colleagues and announcing further members in due course.”
As Mr Logothetis has an interest in over 10% of the share capital of the Company, his appointment as Chairman of the Global Advisory Board, for which he will receive a fee of £4,000 per month, constitutes a related party transaction under the AQSE Growth Market (Apex Segment) Rules. The directors of the Company, having exercised reasonable care, skill and diligence, believe his appointment as Chairman of the Global Advisory Board to be fair and reasonable as far as the shareholders of the Company are concerned.
Mr Logothetis’ existing strategic consultancy role (announced 27 and 29 June 2023) continues on the same terms, however the option for the fees to be settled through the issue of new Sulnox shares has now expired. This consultancy agreement between the Company and Tergeo Ltd has been novated from Tergeo Ltd to Alithea Capital Ltd, both companies in which Mr Logothetis has a majority interest.
Resignation of Director
The Company announces that Nicholas Fairfax, Non-Executive Director, has resigned from the board of directors with immediate effect in order to pursue his other business interests.
Sulnox Group chairman, Radu Florescu, said:
“My fellow board members and I wish to express our deep appreciation of Nicholas’ contribution to the development of Sulnox over the last four years. We wish him well in his future endeavours.”
Source: Sulnox