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August 10, 2022
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EBRD nominates Madeline-Dalila Alexander, as Non-Executive Director, to the Board of Directors of Agricover Holding SA

The Board of Directors of Agricover Holding SA announces the appointment of Mrs. Madeline-Dalila ALEXANDER, as Non-Executive Director. Mrs. Alexander is nominated to the position by The European Bank of Reconstruction and Development (EBRD) and will continue to serve as the President of the Risk and Audit Committee of Agricover Holding SA.

Agricover Holding President, Jabbar Kanani, said:

“I am delighted that Madeline is joining Agricover Holding’s Board, at EBRD’s recommendation. Her significant and senior expertise in auditing, financial reporting, and risk management will stand us in good stead as we progress towards our ambition to be one of the best performing, most trusted and respected agribusiness companies in the region. Her reputation and her track record, gained both in Romania and in the United States, will be an inspiration to our people and our ways of working. At the same time, I would like to take this opportunity to thank Mr. Martin Elling, the former EBRD nominee, for his dedicated service and contributions, over the past 5 years, to shaping up our long-term vision.”

EBRD Regional Head of Romania and Bulgaria, Mark Davis, said:

“We at the EBRD warmly endorse Mrs. Madeline-Dalila Alexander’s appointment as Director in the Agricover Holding SA Board, nominated by the EBRD. She has distinguished credentials for the role, with more than three decades of experience in auditing for international companies in both the public and private sector, and multiple expert qualifications in both the United States and Romania. Madeline has worked at partner level for 15 years at Deloitte Romania.  Both a Romanian citizen and the first woman to join this board, she already knows the Agricover Holding SA well, having served as President of the Risk and Audit Committee since 2020. We have high expectations of her input into the company’s growth.”

Madeline-Dalia ALEXANDER, Corporate Director – Agricover Holding SA, declared:

„I am honored to join as Director in the Board of Directors of Agricover Holding SA, having served as President of the Audit and Risk Committee of the Agricover Group for more than a year. During my mandate I have been working closely with the leadership of the group on many projects aimed at refining its comprehensive risk management processes. The Corporate Governance improvement and transparency are continuous processes in the life of a company and depend very much by „the tone at the top”. Taking into consideration Agricover Holding’s commitment to these matters, my decision to accept this role was easy to take.”

The nomination is pending the shareholders’ approval at the upcoming General Meeting of Shareholders, convened for June 20, 2022.

 

About Madeline-Dalila ALEXANDER

 

Mrs. Madeline-Dalila ALEXANDER has more than 30 years of expertise as an auditor, out of which 20 years were spent at the partner level, with Big 4 Accounting Firms. Mrs. Alexander is a GAAP and IFRS expert in the US as well as GAAP and SOX compliance and implementation expert in Romania. She is member of the Romanian Chamber of Financial Auditors (CAFR), ASPAAS, CECCAR as well as Certified Public Accountant (CPA) in the US.

Mrs. Alexander is of Romanian descent and on top of her world class qualifications she will also mark a premier becoming the first woman appointed in the Directors’ Board of Agricover Holding.

 

About Agricover

 

Agricover is the leader of the agribusiness market in Romania, a creator of innovative solutions that transform agriculture and the life of the farmers on the long run, creating prosperity and progress at social scale.

Ever since its establishment Agricover’s aim was to serve the Romanian farmers and to offer them innovative, groundbreaking solutions, adapted to their real needs, so that they could consolidate their productivity in a sustainable manner through accessing internationally performing agricultural technologies, accessing financing solutions adapted to the specificities of the agricultural sector as well as digital agriculture services.

Agricover Holding SA comprises Agricover SA – company that will be renamed Agricover Distribution SA, specialized in the distribution of agricultural inputs, Agricover Credit IFN – nonbanking financial institution specialized in financing the farmers and Agricover Technology SRL through which the Holding offers farmers access to the latest innovations in the global digital agriculture.

At the end of 2021, Agricover Holding was employing 470 people while servicing a portfolio of 9200 active farmers exploiting more than 2.6 million hectares of arable land at national level.

Agricover Holding SA is owned, with a participation of 87,269% from the issue and paid share capital, by Mr. Jabbar Kanani together with the European Bank for Reconstruction and Development (EBRD) owning 12,727% of the Agricover Holding shares with the rest of 0,004% owned by other shareholders. Adama Agriculture B.V. member of the Syngenta Group one the biggest global producers of crop protection and certified seeds is owning 10% of the Agricover Distribution SA (formerly Agricover SA).

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