ABOUT UNITED MALT

WE HAVE DEEP ROOTS

OUR LEGACY

United Malt has been operating as a network of companies spanning North America, the UK and Australia since the early 1990’s when Canada Malting purchased both Great Western Malting and Bairds Malt. In 1995 the companies along with Barrett Burston Malting in Australia, were purchased to form ConAgra Malt.

Since then, the craft beer industry has exploded, and with the acquisition of North Country Malt in the US, we expanded into the warehouse and distribution business to support Commercial craft breweries. We later duplicated that model with the acquisition of Cryer Malt in 2017 to serve Australia and New Zealand. We also have key distribution partners across the globe enabling us to be an international malt supplier.

We continue with our commitment to the industry to serve brewers, distillers, and other users of malt and craft ingredients all around the world. Our international reach includes an extended network of distribution partners who deliver our malts and products locally and represent our brands and company values.

UNITED MALT DIRECTORS

Graham Bradley, Chairman and Non-Executive Director, United Malt

Graham Bradley AM

Jane McAloon

Mark Palmquist

Gary Mize

Barbara Gibson

Patrick Bowe

Terry Williamson

OUR VALUES:

Our values are paramount in everything we do, both at work and outside, with our customers, contractors, vendors, suppliers, staff, friends and families. They are part of who we are as a business and as human beings, regardless of what country we live in, where we come from or the brands we associate with. We hold ourselves and those around us accountable to champion these values.

SAFETY

The safety of our people is paramount.
Safety is part of our way of life and requires the commitment of everyone throughout the organisation.

Safety extends to the health and wellbeing of ourselves and everyone around us and to the environment in which we operate. It is part of everything that we do as well as the way that we do it.
It is our way of coming together as a community.

PASSION

We are proud of our industry, our business and our people.

We are proud to be part of a wider community and are positive stewards in the way we work.

We bring a spirit of innovation and continuous improvement to everything that we do.

QUALITY

We provide outstanding ingredients and unsurpassed service that, together, deliver premium value to our customers.

At every step in the process and in all our roles, we come together as a team to make sure that we always provide the best.

INTEGRITY

We believe that nothing is more important than our reputation, and behaving with the highest levels of integrity is fundamental to who we are.

We are honest, open, ethical and fair at all times.

OUR PURPOSE:

Creating ingredients that bring people together

LEADERSHIP TEAM

Mark Palmquist

Erika Morgan

Tiago Darocha

Ryan Dutcher

Nina Palludan

Bryan Bechard

OUR

LOCATIONS

United Malt is the fourth largest commercial maltster globally, with approximately 1.25 million tonnes per annum of capacity across 12 processing plants in Australia, Canada, the United Kingdom and the United States of America. It also operates an international distribution business, which provides a full service offering for craft brewers and distillers, including malt, hops, yeast, adjuncts and related products.

North America

Global HQ: Vancouver, WA

Great Western Malting and Canada Malting: Approx. 750kt malting capacity in 5 locations in the US and Canada with nine country elevators in Canada

Country Malt Group: Twelve Distribution Centres across the US and Canada

United Kingdom

Bairds Malt: Approx. 225kt malting capacity with three plants in Scotland and one in England

Australia & New Zealand

Registered Office: Sydney, NSW Australia

Barrett Burston Malting: Approx. 250kt malting capacity across three locations across Australia

Cryer Malt: Eight Distribution Centres across Australia and New Zealand

+61 2 8073 3160
UNITED MALT GROUP LIMITED

Citigroup Centre, Level 18

Suite C, 2 Park Street

Sydney NSW, AUSTRALIA, 2000

Graham Bradley AM

Independent Chairman and Non-Executive Director

BA, LLB (Hons. Sydney University),

LLM (Harvard)

Appointed to the Board on 13 January 2020.

Mr Bradley has over 30 years of business, executive leadership and governance experience at senior executive and board levels across banking and financial services, manufacturing, infrastructure, resources, agribusiness and corporate strategy consulting.

Mr Bradley has previously held the position of Managing Director of Perpetual and senior roles at Blake Dawson and McKinsey & Company.

Mr Bradley is currently Chairman of United Malt Group Limited (since 2020), Virgin Australia International Holdings (since March 2012), Shine Justice Limited (since May 2020), Volt Corporation Ltd and Volt Bank Limited (since June 2021).

Mr Bradley is also the Chairman of Infrastructure NSW (since July 2013), a member of the Advisory Council of the Australian School of Business at UNSW and was made a member of The Order of Australia in 2009.

He is a former Chairman of Energy Australia Holdings (June 2012 to April 2022), GrainCorp (March 2017 to March 2020 and HSBC Bank Australia (March 2004 to October 2020). He is also a former Director of Hongkong and Shanghai Banking Corporation (November 2012 to June 2022). Mr Bradley was the President of the Business Council of Australia and the Deputy President of the Takeovers Panel, among other notable roles.

Board Committee memberships:
Member of the Nominations and Remuneration Committee.

Jane McAloon

Independent Non-Executive Director

BEc (Hons), LLB, GDip CorpGov, FAICD
Appointed to the Board on 13 January 2020.

Skills and experience: Ms McAloon has over 30 years of business, government and regulatory experience at senior executive and board levels across the natural resources, energy and infrastructure sectors. In particular, she has experience in navigating complex ESG issues across multiple jurisdictions.

Ms McAloon was an executive at BHP Billiton and AGL. Prior to this, she held positions in government in energy, rail and natural resources.

Ms McAloon is currently the Chair of Energy Australia (since April 2022) and a Non-Executive Director since 2012, a Non-Executive Director of Home Consortium (since October 2019), Allianz Australia (since July 2020) and Newcrest Mining (since July 2021). Jane is also a board member of the Allens Advisory Board (since September 2019).

She is a former Non-Executive Director of Viva Energy (June 2018 to August 2021), Healthscope Limited (February 2016 to June 2019), Cogstate Limited (January 2017 to November 2019), Civil Aviation Safety Authority (December 2017 to December 2019), Port of Melbourne (February 2018 to February 2020) and GrainCorp (December 2019 to March 2020). Ms McAloon was also previously Chair of Defence Reserves Support Council and a Member of the Referendum Council on Constitutional Recognition for Aboriginal and Torres Strait Islander Peoples.

Board Committee memberships:
Chair of the Nominations and Remuneration Committee
Member of the Audit and Risk Committee

Mark L Palmquist

Managing Director & Chief Executive Officer

Bec, GAICD

Appointed to the Board on 13 January 2020

Skills and experience: Mr Palmquist has over 30 years experience in food processing and agricultural sectors and has held a number of senior leadership roles prior
to commencing his role at United Malt.

Mr Palmquist is focused on building a sustainable business aligned to meeting the needs of our customers in each of our markets, whilst ensuring strong governance, risk management and continued innovation.
Prior to his role at United Malt, Mr Palmquist was the Managing Director and CEO of GrainCorp Limited from 2014 until 2020, which demerged its malt business that is now United Malt. Prior to this, he was Executive Vice President and Chief Operating Officer, Ag Business, for CHS Inc., a leading global agribusiness, diversified in energy, grains, and food. He has held a variety of global leadership roles for a broad range of CHS agricultural inputs and marketing areas, retail businesses, and grain-based food and food ingredients operations.

Mr Palmquist is currently a director of Telesense, Inc (September 2020) and is a former director of GrainCorp Limited (from October 2014 until March 2020).

Gary Mize

Independent Non-Executive Director

BA (Marketing and Finance) Michigan State University and Advance Executive Program, Northwestern University

Appointed to the Board on 23 October 2020.

Skills and experience: Mr Mize has over 36 years of experience managing commodity-based trading and processing businesses at the senior executive and board levels.

He was previously the Global Chief Operating Officer of Noble Group Hong Kong, President of Conagra Foods Grain Processing Group, CEO Conagra Malt and President Cargill Worldwide Juice Group. Mr Mize has lived in Hong Kong, Sao Paulo and Geneva.

Mr Mize is currently Lead Director of Darling Ingredients (a company listed on NYSE) (appointed in Feb 2021), an Independent Director of Gevo Inc (a company listed on NASDQ) (since September 2011) and Ceres Global (a company listed on TSX) (since September 2013).

Board Committee memberships:
Member of the Environment, Health and Safety Committee
Member of the Nominations and Remuneration Committee

Barbara Gibson

Independent Non-Executive Director

B.Sc MAACB FTSE MAICD
Appointed to the Board on 13 January 2020.

Skills and experience: Ms Gibson has over 30 years of business experience at senior executive and board levels across the chemicals, health care, agriculture and manufacturing sectors.

Ms Gibson is an experienced executive having spent 20 years with Orica Limited. Prior to this, she held positions in medical diagnostics, pharmaceuticals and fine chemicals.

Ms Gibson is currently a fellow of the Australian Academy of Technology and Engineering. In 2003, Ms Gibson was awarded a Centenary of Federation Medal for services to Australian society in medical technology. She is a Member of the Australian Institute of Company Directors.

She is a former director of GrainCorp Limited (March 2011 until March 2020), and Chair of Warakirri Asset Management Pty Ltd (July 2006 until December 2018).

Board Committee memberships:
Chair of the Environment, Health and Safety Committee
Member of the Audit and Risk Committee

Donald McBain, Chief Transformation Officer, United Malt

Patrick Bowe

Non-Executive Director

Qualifications:

BArtsSc (Political) Stanford University

MA Economics Stanford Food Research Institute

Appointed To The Board On September 2022

Experience:

Mr Bowe is currently the President and Chief Executive Officer of The Andersons, Inc. (a company listed on NASDAQ) (since November 2015).

He was previously the Corporate Vice President at Cargill Inc. (January 2007 to September 2015). Prior to this role, Mr Bowe was President of Cargill’s corn wet milling in North America.

Mr Bowe is a current Director of Primient (since August 2022), a global food and industrial ingredients, privately held company. He is former Chairman (June 2020-June 2022) of the Toledo Alliance for the Performing Arts Board of Trustees and continues to hold a seat on the Board. In addition, he is the current Treasurer and Director of the Toledo Museum of Art (since MTH 2020).

Board Committee memberships:

Member of the Audit and Risk Committee.

Member of the Environment, Health and Safety Committee.

Terry Williamson

Independent Non-Executive Director

MBA, BEc, FCANZ, FGIA, FAICD
Appointed to the Board on 23 March 2020.

Skills and experience: Mr Williamson has an extensive background in financial reporting and risk management with prior roles as senior audit partner of Price Waterhouse, Chief Financial Officer Bankers Trust Australia, Member of the Global Controls Group Bankers Trust New York Group, Chair of Audit and Risk Committee Stockland Property Group, Avant Insurance and Member of the Audit Committee of the Reserve Bank Australia and financial advisor to a number of not-for-profit organisations.

Mr Williamson is a Fellow of The Australian Institute of Company Directors, Fellow Chartered Accountants in Australia and New Zealand, Fellow CPA Australia, Fellow Governance Institute of Australia and Member Australian Computer Society.

Mr Williamson is currently a Director of Stockland Capital Partners and Stockland Direct Retail Trust No. 1 (since April 2018), Member of the Building Estates Committee of the University of Sydney, and Finance Advisor to the Society of the Divine Word.

Mr Williamson has had no other public company directorships in the last three years.

Board Committee memberships:
Chair of the Audit and Risk Committee
Member of the Environment, Health and Safety Committee

Erika Morgan

Chief People Officer

Qualifications:

B.A Bachelor of Arts in International Business & Marketing
SHRM – Senior Certified HR Professional

Appointed: July 2021

Priorities: Erika is responsible for the Group’s Human Resource strategy and operations globally. Her priorities are to ensure her teams lead and develop programs that engage, equip and empower the highest levels of team performance and business success. Erika’s priorities include building and developing a workforce Group-wide with the capability and capacity to help create value and operate as a more integrated Group.

Experience: Prior to United Malt, Erika has held various leadership positions within HR for global and multi-national companies in the consumer goods, services and food & beverage industries. She has extensive experience in the assessment and implementation of Global HR Service Delivery Models to support scale and growth sustainably. Erika started her career with Nike Inc. where she led HR teams and implemented enterprise wide transformation initiatives across North and Latin America, Europe and Asia Pacific.

Tiago Darocha

Chief Operating Officer

Qualifications:
B.S. Mechanical Engineering
M.S. Industrial and Organizational Psychology
Masters in Business Administration (MBA)

Appointed: July 2021

Priorities: Tiago has comprehensive management responsibility for all elements of the United Malt Group commercial and production activities including all malt production and barley procurement. His focus is centered on delivering operational excellence to ensure customer satisfaction with the highest quality products and service, supporting the execution of the company’s transformation agenda and developing the company’s long-term strategy that will drive continued performance and growth.

Experience: Tiago spent 21 years at Anheuser-Busch InBev, where he started as an intern and held positions of increasing responsibilities including Sr. Brewmaster, Sr. General Manager, Sr. Operations Director and Vice-President of Operations. Tiago’s last role prior to transitioning to United Malt was Global Vice-President of Brewing & Quality, with worldwide responsibility for brewing operations and end-to-end quality. Tiago is native of Brazil and has lived in São Paulo and Mexico City.

Ryan Dutcher

Chief Financial Officer (Interim)

Qualifications: Master of Business Administration from Cornell University. Bachelor of Arts in Economics from University of Colorado.

Appointed: July 2022

Priorities: Finance, treasury, tax, investor relations and risk functions. His priorities are ensuring his team provides accurate, independent and objective analysis to drive decision making, performance and value creation for all stakeholders.

Experience: Ryan has more than 25 years of finance experience in both public and private companies in the manufacturing, technology, healthcare, education, construction, and service industries.

Nina Palludan

Chief Information Officer

Qualifications: Bachelor of Science, Information Systems from the California State University, Long Beach

Appointed: March 2020

Priorities: Nina is responsible for the Group’s Information technology function. Her priorities are driving agility through technology, data and process optimisation.

Experience: Prior to the demerger of United Malt, Nina held the position of CIO of GrainCorp Malt since October 2019. Previously, Nina was the CIO at Hanna Andersson.

Nina has over 30 years’ experience as a technology and operational leader. Using technology as the catalyst for change, Nina has been responsible for leading global transformations across the manufacturing, logistics, retail and hospitality industries.

Bryan Bechard

President, Warehouse & Distribution

Qualifications: Bachelor of Applied Science from the Madden School of Business at LeMoyne College.

Appointed: March 2020

Priorities: Bryan is responsible for the Warehouse & Distribution operations of United Malt serving the needs of its craft brewing, distilling and food customers. Providing market leading services, and outcomes for the Group’s customers in the craft segment is a primary focus.

His priorities are to ensure the Group’s warehouse and distribution business continually provides the one-stop-shop of ingredient solutions of branded and innovative products through its network of distribution facilities and a portfolio of services geared to the needs of its customers.

Experience: Bryan joined GrainCorp in 2009 and was appointed President of the Global Craft business in February 2019.

As one of the co-founders of the North Country Malt Supply business in 1995, which formed the basis of today’s North American Country Malt Group, Bryan has been involved in ingredient distribution to the craft brewing industry for over 25 years. He previously held the role of President, Country Malt Group beginning in October 2014.

ABOUT UNITED MALT

WE HAVE DEEP ROOTS

OUR LEGACY

Frank & Hugh Baird commence business in 1823 at Great Canal brewery in Glasgow as brewer/maltsters (the start of Bairds Malt)

Canada Malting formed by the amalgamation of 3 malting companies in Ontario, Canada

Barrett Burston Malting formed in Australia by English immigrants who where involved in the industry prior to moving to Australia

Great Western Malting formed in Vancouver, WA by 4 local brewers and a grain company

Great Western Malting purchased by Canada Malting Company

Bairds purchased by Canada Malting Company

Cryer Malt is started by David Cryer in New Zealand

ConAgra Foods and Tiger Brands acquire Canada Malting Company and bring Barrett Burston in to the malt group

North Country Malt (Predecessor to the Country Malt Group) started by Bryan Bechard

Under ConAgra / Tiger, Bairds buys Moray Firth Malting in the UK

Private Equity firms Castle Harlan and CHAMP buy the malt group from ConAgra and form United Malt Holdings

UMH buys North Country Malt and creates the Country Malt Group

GrainCorp buys United Malt Holdings

GrainCorp Malt buys Schill Malt in Germany

Bairds starts Brewers Select in the UK. Brewers Select has since been acquired by Loughran Brewing Stores LTD in 2022.

GrainCorp Malt sells Schill Malt

Barrett Burston buys Cryer Malt

Today, United Malt is one of the world’s largest producers of malt for use in the brewing and distilling industries

United Malt sells Brewers Select

UNITED MALT DIRECTORS

Graham Bradley AM

Jane McAloon

Mark Palmquist

Gary Mize

Barbara Gibson

Patrick Bowe

Terry Williamson

OUR VALUES:

SAFETY

PASSION

QUALITY

INTEGRITY

OUR PURPOSE:

Creating ingredients that bring people together

LEADERSHIP TEAM

Mark Palmquist

Erika Morgan

Tiago Darocha

Ryan Dutcher

Nina Palludan

Bryan Bechard

OUR

LOCATIONS

North America

United Kingdom

Australia & New Zealand

Graham Bradley AM

Independent Chairman and Non-Executive Director

Jane McAloon

Independent Non-Executive Director

Mark L Palmquist

Managing Director & Chief Executive Officer

Gary Mize

Independent Non-Executive Director

Barbara Gibson

Independent Non-Executive Director

Patrick Bowe

Non-Executive Director

Terry Williamson

Independent Non-Executive Director

Erika Morgan

Chief People Officer

Tiago Darocha

Chief Operating Officer

Ryan Dutcher

Chief Financial Officer (Interim)

Nina Palludan

Chief Information Officer

Bryan Bechard

President, Warehouse & Distribution