Board of Directors

Mike Bandy is an oil industry veteran with over 39 years’ experience. After 27 years with Texaco, in 1997 Mr Bandy was appointed President and Director of Fuel and Marine Marketing LLC, a major supplier of marine fuels and lubricants. From 2001 to 2004, he served as President of Global Trading at Chevron where he successfully merged the global trading platforms of Texaco and Chevron. Mr Bandy was also Chairman of global marine fuels exchange OceanConnect.com until 2006. From 2006 to 2008, he held the role of Lead Independent Director on Chemoil’s Board, and continues to hold advisory roles in Lloyds (USA) and Houston Maritime Arbitrators Association. He holds a BS Engineering degree from Texas A&M University, an MBA from the University of New Mexico, and an Executive Program certificate from the University of Michigan.

Michael Lim is Chairman and Director of Nomura Singapore Limited, and Chairman of the Land Transport Authority of Singapore. He also holds directorships in Olam International Limited and PSA International Pte Ltd. He is a member of the Public Service Commission, the Legal Service Commission and the National Technological University Board of Trustees, and was previously Executive Chairman of PricewaterhouseCoopers Singapore. Mr Lim holds a Bachelor of Commerce and Administration from the Victoria University of Wellington in New Zealand. He is a Chartered Accountant with the Institute of Chartered Accountants of New Zealand and a Fellow of the Institute of Certified Public Accountants of Singapore.

Philip Anderson is the INSEAD Alumni Fund Professor of Entrepreneurship and Academic Director of INSEAD’s Abu Dhabi Center. From 2005 to 2009,he was Director of The Rudolf and Valeria Maag International Center for Entrepreneurship. He has taught at Cornell University and the Amos Tuck School of Business, Dartmouth College. His co-authored book “Inside the Kaisha: Demystifying Japanese Business Behavior’’ was named the Booz Allen & Hamilton/Financial Times Global Business Book of 1997 for Industry Analysis/Business Context. Mr Anderson obtained his Bachelor of Science in Agricultural Economics from the University of California at Davis, and received his PhD in Management of Organizations from Columbia University.

Peter Meade is Chairman and Independent Director of OceanConnect Holdings Inc, a worldwide brokerage for marine fuel, gas oil, clean products, biofuel and risk management services. Prior to this, he was Vice President and Chief Financial Officer of Fuel and Marine Marketing LLC (FAMM) from 1998 to 2002. He held various management, financial and treasury roles in Texaco after embarking on his career in 1980, the last of which was Assistant General Manager of the Marine Lubricant Group. He has also worked at General Foods Corporation and Chase Manhattan Bank. He holds a BA in Liberal Arts from Saint Leo University and an MBA in Finance from Long Island University.

Raymond Joseph Bartoszek has 17 years of experience in the energy sector, work in successive positions in refinery process engineering, economics and trading. He entered the industry as a fuel oil trader with Texaco in 1991, serving in various office locations including Newyork, London and Houston. In 1997 he joined Glencore Ltd as a fuel oil trader.In 2004, Mr Bartoszek took on the position of head of oil for Americas, helming Glencore Ltd's oil trading activities including Crude oil, Fuel oil, Middle Distillates, Gasoline, LPG, Natural Gas, Derivatives and Shipping. Mr Bartoszek holds the Bachelor's degree from the US Merchant Marine Academy, Kings pOint, NY and has a Master of Business Administration from Rensallear Polytechnic Institute, Troy, NY.

Alexander Frank Beard is Glencore's Global Head of Oil, and has more then 20 years of experience in the industry. After five years with British Petroleum's Crude Oil Department, he joined Glencore UK Ltd in 1995. For the next 13 years, Mr Beard specialized in his position as a FSU Trading Manager. In 2007, with extensive experience garnered, he was appointed to his current role as Global Head of Oil, leading Glencore's activities in Oil and Product Trading and Investments. Mr Beard holds an MA(Hons) in Biochemistery awarded by Christ Churh, Oxford.

Mark Jonathan Catton is currently the Managing Director of Glencore Singapore Pte Ltd. He has been with Glencore since 1990, taking on an initial role as a Business Analyst before moving on in 1993 to operations as a Crude & Products Operations Manager with Glencore UK Ltd. From 1995, Mr Catton was a Trader in London, and in 1997 he was appointed to the position of Senior Naphtha & Gasoline Trading Manager in Glencore Singapore Pte Ltd. He moved into the role of Global Manager - Naphtha in 2002, and from 2004 onwards, helmed Glencore Singapore as Managing Director. Mr Catton holds an Electrical & Electronic Engineering, B Eng(Hons) from Nottingham University, UK.

Masanobu Takagi is presently Chief Operating Officer of the Energy Trade Division, Itochu Corporation, having been promoted from Deputy Chief Operating Officer in 2008. He is responsible for Itochu’s worldwide oil and gas trading. Since joining the company in 1979, he has held several positions in diverse roles and responsibilities for various regions worldwide: upstream oil and gas exploration, production and marketing, global crude oil trading, chartering, and personnel management. Mr Takagi holds a Bachelor of Commerce from Hitotsubashi University.

Fuminobu Oda is currently Managing Director of Itochu Petroleum Co (Singapore). He was General Manager within the International Energy Trading Department of the Energy, Metals and Minerals Company of Itochu Corporation. He has held several appointments in the Itochu Group of Companies since 1984 within Domestic Marketing, Petroleum Products, Energy Sales and Supply, and International Energy Trading sections, departments, and divisions. Mr Oda holds a Bachelor of Economics from Hiroshima University.