Non-Executive Directors and Advisers

Guy is the Founder of Terra Firma. He was also the Chairman and Chief Investment Officer until he stepped away from the firm on 31 July 2023.

Guy remains involved in Terra Firma’s portfolio businesses where there is an underlying investment from the Hands Family Office, as well as in the legacy fund investment Annington. He continues to sit on the boards of the Terra Firma funds that work with these investments.

Guy’s career in finance spans over four decades. He started his career with Goldman Sachs International where he went on to become Head of Eurobond Trading and subsequently Head of Goldman Sachs’ Global Asset Structuring Group.

He joined Nomura International plc in 1994, where he established the Principal Finance Group (‘PFG’). PFG undertook ground-breaking deals involving trains, housing and pubs, among other areas, using securitised debt to finance acquisitions. In 2002, he led the spin-out of PFG to form Terra Firma.

Since 1994, Guy has overseen the investment of more than €18 billion in 39 businesses with a total enterprise value of more than €51 billion.

Guy has an MA in Politics, Philosophy and Economics from Mansfield College, Oxford University. He was elected a Global Leader of Tomorrow by the World Economic Forum in 2000 in recognition of his achievements. In 2012, Guy was named the 20th most influential figure in Private Equity International’s ‘100 Most Influential of the Decade’.

In 2021 he published ‘The Dealmaker: Lessons from a Life in Private Equity’, an honest account of his experiences from childhood to deal making, and how they have shaped his thinking. The Times labelled it as ‘the only book about private equity to read like a thriller.’

Guy is the President of ‘Access for Excellence’, a campaign based at Mansfield College, Oxford which promotes the broadest possible access to higher education in the UK. He is a Bancroft Fellow of Mansfield College and supports the college’s Annual Hands Lecture. He is also a member of the University of Oxford Chancellor’s Court of Benefactors. Additionally, Guy is a Fellow of the Duke of Edinburgh’s Award Scheme.

Glen joined Terra Firma in 2015, and is a Non-Executive Director of the group’s Guernsey-based entities.

He has over 20 years’ experience in the financial services industry, having worked in the banking, insurance, fiduciary and investment management sectors.

During his career in financial services Glen has acted as Director for a wide variety of regulated entities, including licensed fiduciary services companies in Guernsey and the Bahamas, several Guernsey-licensed investment management companies and a Bahamian hedge fund of funds. He also acted as Director for a Dublin-listed UCITS III AAAm-rated Money Market Fund for which he held specific board responsibility for Financial Control, Internal Audit, Risk Management and Compliance.

Glen has been Head of Finance at Generali Worldwide Insurance Company Limited since 2008, and prior to that was Head of Corporate Centre at BSI Generali Bank (CI) Limited. Prior to this he was the Financial Controller for BSI (Channel Islands) Limited, a private bank, having joined in 1994 as Assistant Financial Controller. Before commencing his career at BSI, he worked at KPMG in Guernsey in the Audit Department.

Glen also serves as a Non-Executive Director for the Guernsey Employment Trust, a local charity.

Glen completed his degree in Economics and Accounting in 1991 at the University of Reading. He is a Fellow of the Association of Chartered Certified Accountants, a Member of the Institute of Directors, holding the Diploma in Company Direction, and a Member of the Chartered Institute for Securities and Investment.

Fred Hervouet joined Terra Firma in 2015 as a Non-Executive Director of the Group’s Guernsey-based entities.

Fred previously served as Managing Director and Head of Commodity Derivatives Asia for BNP Paribas. Prior to BNP Paribas, Fred also worked for two multi-billion, multi-strategy hedge funds.

Fred has worked in different regulated financial markets based in Singapore, Switzerland, the United Kingdom and France. Most recently, Fred was a member of the BNP Paribas Commodity Group Executive Committee and BNP Paribas Credit Executive Committees on Structured Finance projects (structured debt and trade finance).

Fred holds a Master’s Degree in Financial Markets, Commodity Markets and Risk Management from University Paris Dauphine and an MSc in Applied Mathematics and International Finance. He is a member of the UK Institute of Directors, the UK Association of Investment Companies, the Guernsey Chamber of Commerce and the Guernsey Investment Fund Association.

Susan Norman joined Terra Firma in 2011 to act as Company Secretary and was appointed as a Non-Executive Director to a number of the Group’s Guernsey-based entities in 2019.

Susan moved to Guernsey from Scotland after graduating and spent her early career at Kleinwort Benson qualifying as a Chartered Secretary. She then spent five years at FRM, an international fund of hedge funds manager, where she acted as Group Company Secretary.

Since 2009 Susan has run her own consultancy business providing company secretarial, governance and independent directorship services to a broad range of clients across various jurisdictions.

Susan holds an LLB (Hons) degree in Scots Law from the University of Strathclyde and is a Fellow of the Institute of Chartered Secretaries and Administrators and a Chartered Governance Professional. She is a member of the Institute of Directors, holding the Diploma in Company Direction, and a Member of the Guernsey Investment & Funds Association.

Iain Stokes trained and qualified as an Accountant with BDO Binder in Guernsey and subsequently spent seven years with Guernsey International Fund Managers, part of Barings, before joining Mourant International Finance Administration (MIFA) in 2003 as head of its Guernsey office.

Following a period as Head of Private Equity Funds, in 2008 he became Managing Director with responsibility for Mourant’s expanding office network covering North America, Europe and Asia and was a member of the senior team that managed the sale of MIFA to State Street (which completed in April 2010). Iain left State Street in June 2012 to pursue a career as a Consultant.

He continues to hold a number of board appointments of fund management and fund investment companies and holds a Diploma in Company Direction from the Institute of Directors

Margaux is Chair of CPC.

Margaux has more than 30 years’ experience as a highly regarded corporate, capital and value advisor. She has completed transactions involving a number of food and agribusiness divestments, acquisitions, IPOs, takeovers, and takeover defence mandates.

Margaux is also a Non-Executive Director of Mulgowie Fresh Pty Ltd, a large horticultural company, and Australian Rural Leadership Foundation, a not-for-profit organisation that has been developing leaders for rural, regional and remote Australia for more than 25 years.

She is an Executive Director with BDO Corporate Finance. Before joining BDO, she worked with a specialist agribusiness advisory firm, Schroders Investment Bank and a private equity fund.

Margaux has a life-long association with the agricultural industry from having been raised on a cattle station in Outback Australia. She maintains a private investment in the beef industry.

Academic qualifications held by Margaux include a Bachelor of Agricultural Economics (with Honours) and a Master of Commerce (Dean’s Honour Roll for Outstanding Academic Excellence). She is a member of the Australian Institute of Company Directors and the Institute of Chartered Accountants Australia and New Zealand.

Lee joined Food Folk as an adviser in August 2018.

Lee has extensive experience in consumer-facing, retail and digital businesses as well as in franchising and food delivery. Lee was Chief Financial Officer of Domino’s Pizza Group plc from 2004 until 2014, when he retired from executive roles.

Lee has previously held a number of Non-Executive and Senior Independent Director Roles and Chair of Audit Committees in FTSE 250 companies, notably Chairman of On The Beach plc and Senior Independent Director and Chair of the August Committee at Softcat plc.

Lee is a Fellow of the Institute of Chartered Accountants in England and Wales as well as a member of the South African Institute of Chartered Accountants. Lee qualified as a Chartered Accountant with Price Waterhouse.

Julia has been an adviser to Terra Firma for many years.

Julia joined Linklaters & Paines as an articled clerk in 1984 and qualified as a solicitor in 1986. She remained with Linklaters until 1996.

Julia is the Chairman and Chief Executive Officer of Hand Picked Hotels, founded in 1999. The award winning collection consists of 19 unique country house hotels across the UK and the Channel Islands. In 2017, Julia and her husband Guy agreed a deal to acquire McDonald’s Nordic operations, which consist of approximately 435 restaurants, 95% of which are franchised. The family’s estate in Tuscany, Villa Saletta, is home to a vineyard that produces award-winning wine and olive oil.

Julia won The Tourism and Leisure business sector in the First Women Awards in 2005, organised by the CBI in conjunction with Real Business magazine. She was awarded an MBE for services to the hospitality industry in 2008 and has acquired numerous accolades for the hotel collection, including AA Hotel Group of the Year 2004-2005 and 2012-2013. Julia is a Bancroft Fellow of Mansfield College Oxford and a Fellow of the Duke of Edinburgh’s Award Scheme. She is also a member of the University of Oxford Chancellor’s Court of Benefactors.

Julia studied Classics and Law at King’s College, Cambridge. She passed her Law Finals at the School of Law, Chancery Lane, London.

Baroness Liddell has served as Independent Chairman of Annington Limited since 2017.

She was a Member of Parliament from 1994 to 2005, during which time she held a number of influential positions, including Secretary of State for Scotland, Minister of State for Transport, Energy. She was also British High Commissioner to Australia from 2005 to 2009 and was made a life peer in 2010.

Previously, Baroness Liddell chaired G3 (Good Governance Group) between 2014 and 2018, and held leading roles in the Scottish Trades Union Congress. She was also a BBC economics correspondent, Executive Director of Scottish Daily Record and Sunday Mail Ltd and Chief Executive of Business Ventures.

Baroness Liddell holds a degree in Economics from the University of Strathclyde.

Antonio has been involved with Villa Saletta, a Hands Family personal investment, since 2006, and became Chairman in 2017.

He was admitted in 2001 to the Italian Supreme Court and in 2002, he founded MANCA GRAZIADEI – STUDIO LEGALE, with offices in Rome, Edinburgh and Shanghai.

In 35 years’ practice as a lawyer, Antonio has acquired extensive experience in commercial and company law, litigation, property law, labour law, family and inheritance law, immigration law, trusts and mediation. He is a Non-Executive Director in a number of Italian and international companies.

Antonio is a member of the Rome Bar, the Criminal Chamber of Rome, the Rome Justice Section of Italian Democratic Party (PD), the Travellers Club in London and the Writers of the Signet Society in Edinburgh.

He was educated at Lycée Chateaubriand, Rome (1965-1971); Loretto School, Edinburgh (1971-1975); and Università La Sapienza, Rome, obtaining a Law Degree magna cum laude (1985).

Glen is a Non-Executive Director of CPC.

From 1987 to 1991, Glen was Chief Executive of Fidelity International and prior to that spent 18 years at Citigroup, where he was a Group Executive and Member of the Policy Committee.

Glen has previously served as Chairman of Virgin Money and Pearson PLC, Deputy Chairman of the Financial Reporting Council, Deputy Chairman of Lloyds Banking Group, Senior Independent Director, Man Group plc., and a Trustee of the Prince of Liechtenstein Foundation.

Glen is currently Director, Fidelity International Ltd., Chairman of the FIL Remuneration Committee and a member of the FIL Audit Committee.

Glen is a Mentor for Chairman Mentors International (‘CMi’). He is also an Honorary Governor of The Ditchley Foundation and a former director of the Royal Academy of Dramatic Art.

Ali is the Founder and CEO of The Panarae Partnership, a private investment company specialising in the financing and development of global businesses through special situation investment opportunities.

Ali previously served as a Director at Terra Firma and was a part of the European investment team. Ali has been involved with transactions in the agriculture, aviation leasing, real estate, retail, renewable energy and hospitality and leisure industries.

Ali is a graduate from the University of Pennsylvania.

João joined Food Folk as an adviser in September 2018.

He is currently the founder and CEO of Porta Branca, a consulting firm advising companies in the Food & Beverage, Consumer Goods, Hospitality and Retail sectors in Europe, USA and Asia.

Before founding his company, João spent 17 years with McDonald’s Corporation in senior management roles in Paris, Geneva and Chicago. He was CEO of McDonald’s Portugal (150 stores), CEO of McDonald’s South Europe (9 countries, 1,400 stores), Senior VP in McDonald’s France (1,500 stores) and Senior VP McDonald’s Europe (6,000 stores). João’s last position with McDonald’s was Chief Franchising Officer Worldwide, heading the global franchising board.

João is an “Executive in Residence” in Católica Lisbon Business School, the leading academic institution in Portugal, and he also plays an active role in the Portuguese Network Council, an advisory board to the Portuguese President on matters of foreign investment and globalisation. João is currently a member of the board in the Ronald McDonald House of Charities and was previously a member of the Board of SL Benfica Football Club.

Sir Ivor has been a Non-Executive Director of Villa Saletta, a Hands Family personal investment, since 2006 with a three-year break from 2015 to 2018.

As a former British diplomat, Sir Ivor’s postings included Lebanon, Paris, Canberra, Vanuatu, Madrid and finally ambassadorial positions in Belgrade, Dublin and Rome. In the 1980s, he was Head of Counter-Terrorism in the Foreign Office.

After retirement from the Diplomatic Service, Sir Ivor was elected as President of Trinity College Oxford from 2006 to 2017, and was Chairman of the Council of the British School of Archaeology and Fine Arts in Rome from 2007 to 2012. He has published two editions of the diplomat’s bible, Satow’s Diplomatic Practice and a memoir of the Yugoslav wars, ‘Conversations with Milošević’.

Sir Ivor is a Patron of the Venice in Peril Fund and a Fellow of the Chartered Institute of Linguists. He is also Chair of the Keats-Shelley Memorial Association. For many years a rugby referee, he is currently President of Oxford University Rugby Football Club. He is the Chair of Trustees of the Oxford Philharmonic Orchestra, holds a degree in modern languages, was a Senior Associate Member at St Antony’s College, Oxford and holds Honorary Fellowships from both Trinity and Keble Colleges at Oxford. He is a Visiting Professor at St Mary’s University, Twickenham.

Lars Kristian Sande has been a Non-Executive Director of Food Folk Group, Norway since June 2019.

Lars Kristian is a Partner and Deputy Head of the Norwegian law firm BAHR’s Corporate M&A group, where he primarily focuses on M&A within a relatively broad range of sectors, acting primarily for private equity and large industrial and technology corporations. Prior to joining BAHR as a Senior Lawyer in 2010, Lars Kristian was a Senior Associate at Telenor Group Legal and Thommessen.

Lars Kristian graduated from the Faculty of Law, University of Bergen, where he was also a research assistant and a teacher.

Jos has served as Independent Deputy Chairman of Annington Limited since March 2017.

He is also the Chairman of pan-European investment management firm Principal Real Estate Europe, formerly INTERNOS Global Investors, of which he was Chairman and founder.

Jos served as a Non-Executive Director at Great Portland Estates plc from 2007 to 2018, and at Big Yellow Self Storage between 2000 and 2012. Previously, Jos was CEO of Pramerica’s real estate private equity business and head of Lazard Bros’ European real estate M&A unit. Prior to this, he held senior roles at Barings and S.G. Warburg.

Jos is a member of The Chartered Institute of Bankers and has a degree in Banking and Finance from Loughborough University of Technology.

Dame Polly has been working as a sustainability advisor to Terra Firma since 2022.

Dame Polly was Founder Director of the University of the Cambridge Institute for Sustainability Leadership (1989–2021). She is now a Board member of a number of major corporates, Chair of the Faculty Board of Engineering at the University, and a Deputy Lieutenant for Cambridgeshire.

In 2016 Dame Polly was appointed Dame Commander of the Order of the British Empire (DBE) for services to Sustainability Leadership. Prior to that Dame Polly had been made a Lieutenant of the Victorian Order (LVO) announced in the 2008 Queen’s Birthday Honours list. In 2015 she received the Stanford University Bright Award for Environmental Sustainability which recognises ‘an individual who has made unheralded contributions to environmental sustainability’.

Dame Polly holds a BA from the University of Cape Town and an MA from the University of Cambridge.

Professor Megan Kashner has been working as an adviser to Terra Firma in the areas of sustainability and social impact since 2022.

Megan serves as the Director of Social Impact and Sustainability at Northwestern University’s Kellogg School of Management. In her leadership of Kellogg’s Social Impact and Sustainability offerings, Megan focuses on the areas of impact investing, social innovation, sustainability, nonprofit management, policy, global development, sustainable finance, values and ethics. Megan leads the global Impact & Sustainable Finance Faculty Consortium and more collaborative work at the intersection of markets and impact.

Megan is also a General Partner for Colorful Capital, a venture capital firm founded to focus investment and opportunity on ventures led by LGBTQIA+ community members.

Megan holds an MBA from Northwestern University’s Kellogg School of Management, a Master’s from the University of Chicago’s School of Social Service Administration and a B.A. in Public Policy from Brown University.

Greg has been a Non-Executive Director of CPC since December 2020.

Greg is a Principal Investment Consultant in private equity working for a family office. He has global experience as an investment professional across multiple asset backed industries including agribusiness, aged care and renewable energy infrastructure.

Greg also has experience in the not-for-profit healthcare sector with a focus on corporate finance and strategy execution.

Enzo has been a Non-Executive Director of CPC since May 2021.

Enzo is a project financier and manager with over 30 years’ experience in both private and public sector institutions, throughout Asia, Europe and Australasia.