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Liquidators

Portrait

Anthony Bryan Hayward, Liquidator

Anthony Bryan Hayward is a Liquidator of the Company. Dr. Hayward has 39 years of experience in the energy sector. He was Chairman of Glencore from 2013- 2021, and was formerly the CEO of BP (2007-2010). As CEO at BP, he built BP’s renewable energy business, which comprised at the time three segments: (i) onshore wind in the mid-western United States, (ii) photovoltaic solar on the west coast of the United States and (iii) biofuels in the United States and Brazil; until very recently this was the core of BPs renewable energy business. Dr. Hayward is chairman and a minority shareholder in Compact Gas to Liquids, a company with technology for transforming waste gas to biofuels. Dr. Hayward also co-founded the energy software management firm Grid Edge, which provides software and services to allow more efficient usage of energy in buildings and he is a co-investor in Well-Safe Solutions, which seeks to safely cap and decommission oil wells. Dr. Hayward is a Managing Partner of Energy Transition Partners LLP ("ETP", previously known as St. James’s Asset Management), a London-based investment management partnership, which over the last five years has executed a program of private equity/venture capital investments in the energy sector including, advising the Carlyle Group on investments in the energy sector. ETP has also invested their own capital in early stage Energy Transition companies. In his career at BP, Dr. Hayward held a number of key roles, including Group Treasurer and Head of M&A (1999-2002) and CEO BP Exploration and Production (2003-2007). In 2011, he co-founded Vallares PLC, a $2.1 billion special purpose acquisition company listed on the London Stock Exchange, which was focused on the oil and gas sector and which led the subsequent acquisition of Genel Energy, the largest exploration and production company in Iraq. He subsequently served as CEO (2011-2015) and Chairman (2015-2017) at Genel Energy. Dr. Hayward holds a PhD from Edinburgh University and a BSc from the University of Aston. He is a Fellow of the Royal Society of Edinburgh.

Portrait

Tom James Daniel, Liquidator

Tom James Daniel is a Liquidator of the Company. Mr. Daniel has over 25 years of principal investment experience and has worked with Dr. Hayward on investments in the energy sector over the last decade, in the conventional energy sector and the Target Sector, including as co-founder of Grid Edge and co-investor in Well-Safe Solutions. Mr Daniel is a Managing Partner of Energy Transition Partners LLP ("ETP", previously known as St. James's Asset Management "SJAM"), a London-based investment partnership. From 2016-2020, he worked with Dr. Hayward executing a program of private equity/venture capital investments in the energy sector. This included SJAM advising the Carlyle Group on private equity investments in the energy sector, as well as the SJAM partners investing in selected early-stage Energy Transition companies. From 2009 to 2014, Mr Daniel was portfolio manager of the St. James’s Master Fund (“SJMF”), a long/short equity hedge fund focused on energy and natural resources. SJMF returned a 14% net IRR and net 1.7x multiple on cost, over the four years from launch in Aug 2009 to Aug 2013 (final redemption date/ audit). In 2011, together with Dr. Hayward, Mr Daniel co-founded Vallares PLC a $2.1bn special purpose acquisition company listed on the London Stock Exchange, which was focused on the oil and gas sector, and which led the subsequent acquisition of Genel Energy, the largest exploration and production company in Iraq. Mr Daniel has founded and led investment companies spanning multiple investment strategies, including private equity, special purpose acquisition companies, venture capital and public market investments. He founded and served as portfolio manager of Life Science Capital, a long/short equity hedge fund business focused on the healthcare sector (2005-2008). Prior to that, Mr Daniel held various leadership roles with London-based Schroder Ventures entities, from 1998-2005, including serving as one of five senior officers (designated “General Partner”), responsible for two venture capital funds and one London Stock Exchange-listed investment trust. From 1994-1998, Mr Daniel was an Associate with Domain Associates and Charles River Ventures, two U.S.-based venture capital management companies. Mr. Daniel holds an MBA from Harvard Business School of Business Administration and an MA from Oxford University.

Portrait

Leonhard Heinrich Fischer, Supervisor of Liquidation

Leonhard Heinrich Fischer, Supervisor of the Liquidation. Mr Fischer started his career in 1987 on a trainee program at J.P. Morgan, rising through various departments to become a managing director in 1994. In 1995 he joined Dresdner Bank AG as head of the Global Treasury and Trading department, and in 1999 he was appointed to the executive board which oversaw the day-to-day operational management of the whole group. In addition, in 2000 he became the CEO of Dresdner Kleinwort Benson, the London-based investment banking division of Dresdner Bank AG, with general executive authority over its affairs. In 2001, Dresdner Bank was sold to Allianz in a transaction in which Mr Fischer was actively involved. Upon closing of the transaction, he became a member of the executive board of Allianz Holding. In 2003 he became CEO of Winterthur Insurance Group, Switzerland, with roughly 25,000 employees. He oversaw the restructuring of Winterthur Group and its subsequent sale to AXA Group in 2006. Concurrent to this, from 2004, he sat on the group executive board of Credit Suisse Group in Zurich. From 2007 he was Co-CEO/ CEO of BHF Kleinwort Benson Group SA (formerly RHJ International SA), a listed public company, and sat on its board of directors. He also held roles as CEO and member of the board at Kleinwort Benson Group Limited in London (2010 – 2016) and chairman of the supervisory board of BHF Bank AG, Frankfurt (2014-2016). In addition to his executive career, Mr Fischer has held numerous board positions including K&S Aktiengesellschaft, Deutsche Boerse AG, Axel Springer, AXA Konzern AG, Julius Bear Gruppe AG and Glencore International. He holds an MA in Finance from the University of Georgia.

Portrait

Steve Holliday, Supervisor of Liquidation

Steve Holliday serves as a Supervisor of the Liquidation. Mr. Holliday is the former CEO of National Grid plc. He is currently chairman of Cityfibre, chairman of Zenobe, and president of the Energy Institute. Mr. Holliday volunteers his time as vice chairman of the Careers and Enterprise Company, vice chairman of Business in the Community and chairman of Black Stork. In September 2020, he finished serving the maximum term of 9 years as chairman of the board of trustees at Crisis, the homeless charity.

Mr. Holliday joined National Grid Group as the board director responsible for the UK and Europe in March 2001, becoming CEO of the company in January 2007, which he led for almost 10 years, until 2016.

Prior to joining National Grid, he was on the board of British Borneo Oil and Gas and was responsible for the successful development of its international businesses in Brazil, Australia and West Africa. Mr. Holliday spent much of his early career with Exxon, where he held senior roles in refining, shipping and international gas.

Mr. Holliday is a fellow of both the Royal Academy of Engineering and the Energy Institute. From 2012 to 2014 he was also appointed as a national ambassador for HRH The Prince of Wales and served as lead non-executive director with DEFRA from 2016 until the end of 2017. Mr. Holliday served on the board of Marks & Spencer as independent non-executive director from 2004 – 2014, and as deputy chair at Convatec from 2016-19.

Mr. Holliday holds a Bachelor of Science degree from Nottingham University and honorary doctorates from Nottingham and Strathclyde universities.