PRESS RELEASE – FOR IMMEDIATE RELEASE
Gerald announces new group organisational structure and re-location of global headquarters to London
October 15, 2018: Gerald Group, (“Gerald”), the world’s leading metal trader announced today, that under its corporate reorganisation, which began at the end of 2017, a new United Kingdom holding company was established – Gerald International Limited. This reorganisation also achieves the board’s and management’s longstanding ambition to migrate the Group’s global headquarters to London, situated optimally to oversee its world-wide merchanting business and be closer to its key growth markets in Africa and Asia.
Craig Dean, CEO of Gerald Group, commented, “The Board’s priority is to optimise the Group’s financial reporting and organisational structure, and to increases transparency to aid stakeholders in the understanding of Gerald and its businesses. I am also delighted to announce the appointments of Pat Crepeault and Min Zhang to Gerald’s Board of Directors earlier this year. Both Pat and Min bring in more diverse and valuable perspective to the running of the Group’s businesses and their promotions are well deserved.”
Pat Crepeault is Chief Operating Officer and Group Treasurer, having joined the Group in 1994 within the Treasury Department. In 2007, she was appointed Treasurer and is responsible for overseeing the Group’s liquidity and cash flow management. In 2016, Ms. Crepeault became Head of Operations and Group Liquidity and since 2017 is COO and a member of the Business Committee and in December 2017 she was appointed to the Board.
Min Zhang is Group Head of Copper Raw Materials and an Executive Vice-President, member of the Business committee, and was appointed to the Board of Directors of the Group in January 2018. After completing her MBA at the University of Southern California, Ms Zhang worked in finance and copper trading desk at Glencore. She joined Gerald in 2000 to develop the copper concentrates business and has worked in the US, Singapore and Shanghai offices.
The Board of Directors of the Group is made up of five key management stakeholders, Craig Dean (Chairman, CEO, and principle shareholder), Gary Lerner (Executive Vice-President and Secretary of the Board), Eric Chen (Executive Vice-President and Commercial Head), plus Min Zhang and Pat Crepeault as noted above. “This brings the composition of women on Gerald’s management board to forty per cent, which I believe is a first in our industry and a demonstration that Gerald promotes the best and brightest, regardless of gender or race”, added Craig. Brendan Lynch (Independent board member) rounds out the board to make six total Group board members.
About Gerald Group
Gerald Group is one of the world’s leading global commodity trading companies offering services as a reliable partner in trade, finance and investment across the global supply chain. Founded in 1962, the Group has helped shape the dynamic of the global non-ferrous and metals trade and has grown to establish trading and representative offices in 18 cities and a presence in forty countries in all regions of the world.
Gerald focuses primarily on the commerce of commodities. Our customers and partners and span the supply chain from mines and producers to distributors and industrial end-users. As a merchant, we add value sourcing and marketing physical commodities across a global network. As a trader, we centralise and opportunistically manage the associated financial and logistical risks. Our core merchant and trading functions are supplemented by strategic investments, joint ventures and structured financing solutions which offer access and opportunity to a diverse portfolio of industrial assets. Gerald Group is privately owned by its employees, led by Craig Dean, Executive Chairman and CEO of the Group and has approximately US$ 3 billion in assets and US$ 10 billion in turnover.