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Latest Forum Topics / Olam Group    Last:1.28    -0.02  Post Reply
Olaim Group Financial Results
Joelton
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11-Apr-2026 13:32     
 
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Olam chairman Lim Ah Doo, group CEO Sunny Verghese to step down in leadership reshuffle
The changes will be effective from the group&rsquo s fifth AGM on Apr 27, 2026
 
[SINGAPORE] Olam Group has announced a restructuring of its board and senior management. This is led by the simultaneous departures of its chairman and group chief executive officer from their parent-company roles, the agri firm said on Friday (Apr 10). 
 
The changes, effective from the conclusion of the group&rsquo s fifth annual general meeting (AGM) on Apr 27, 2026, come as the firm executes its &ldquo Updated 2025 Re-organisation Plan&rdquo .
 
Chairman Lim Ah Doo, 77, will step down after a nine-year tenure as independent director. 
 
 
He will be succeeded by deputy chairman Yap Chee Keong, 66, who currently chairs the board&rsquo s executive and risk committees.
 
Meanwhile, co-founder Sunny Verghese, will relinquish his position as group CEO and executive director of Olam Group. 
 
Verghese, who has led the company for 37 years, will focus on his role as CEO of Olam Agri as the sale of that unit progresses.
 
&ldquo The past year marked a defining milestone in our re-organisation journey as we took decisive steps to improve the performance of our underlying operating groups, strengthen the group&rsquo s balance sheet, enhance their resilience and unlock value for our shareholders,&rdquo Verghese, 66, said.
 
Reshaping its portfolio
Olam Group announced in 2020 the decision to rejig its portfolio into three distinct business units &ndash Olam Agri, ofi (Olam Food Ingredients) and the remaining Olam Group.
 
The agribusiness giant entered a deal with Saudi Agricultural and Livestock Investment Company (Salic) in 2025 to dispose of all its remaining shareholdings in Olam Agri in two tranches.
 
At Olam Group&rsquo s H2 FY2025 earnings briefing, the company said that it had obtained approvals from all jurisdictions &ndash save for one &ndash for the sale of its first tranche involving a 44.58 per cent stake in Olam Agri. 
 
As for Olam Group&rsquo s continuing businesses, it has invested US$500 million of equity into ofi to support various strategic initiatives. This includes the exploration of a concurrent listing in Europe and in Singapore at an appropriate time as well as private fund-raising options.
 
Meanwhile, three of 10 businesses in the remaining Olam Group were sold or wound down in 2025. On Apr 6, Olam Group announced the sale of another business, Mindsprint, to Wipro which is expected to be completed by the end of June. 
 
Olam Group&rsquo s restructuring of its board and senior management includes a transition of the group&rsquo s financial leadership and the appointment of new management to oversee its continuing businesses. 
 
Other key leadership appointments include:
 
CEO of the remaining Olam Group: Gautam Wadhwa will be appointed as CEO of the remaining Olam Group on Apr 20 with responsibility for the monetisation and divestment of assets and businesses within that segment.
Group chief financial officer (CFO) transition: N Muthukumar will step down as group CFO on Apr 27 to focus on his role as chief operating officer of Olam Agri. He will be succeeded by Venkataraman Krishnan, currently CFO of the remaining Olam Group.
Executive reporting: Krishnan will be joined by group chief human resources officer Joydeep Bose and Rajeev Kadam, global head of risk management, internal audit and insurance.
Both this executive team and the CEO of the remaining Olam Group will report directly to the board executive committee. 
 
Meanwhile, ofi will continue to be led by CEO Shekhar Anantharaman, who will also be appointed as an executive director on the Olam Group board.
 
Board renewal
The leadership changes include a broader push for board governance and diversity. 
 
Following the AGM, the board intends to appoint a lead independent director from its existing members.
 
In line with its diversity policy, the group is also targeting the appointment of a female independent director in the second half of 2026, it said.
 
Incoming chairman Yap said that while the leadership team is being refreshed, the group&rsquo s strategy remains unchanged.
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eddyeddy
Master
11-Apr-2026 10:47     
 
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 Alert Admin 		So it looks like going to liquidate all and wind down the company eventyually ?
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Alignment
Elite
11-Apr-2026 10:33     
 
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 Alert Admin 		No need if the company is winding down and returning funds to shareholders.
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eddyeddy
Master
11-Apr-2026 09:54     
 
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 Alert Admin 		Yesterday announcement was without a CEO for Olam group. No need a group CEO anymore ?
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HuatAh7898
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11-Apr-2026 08:06     
 
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 Alert Admin 		It needs to continue to reduce it' s huge debts and improve earnings 
 
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alexvar
Senior
10-Apr-2026 13:44     
 
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 Alert Admin 		it is sad to see a failing executive team member becoming new Olaim CEO.

need an outsider to fix this terrible management.

dydd
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yuhanooi
Member
09-Apr-2026 13:46     
 
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 Alert Admin 		Totally agree, unfortunately it has credibility issues now...

Alignment      ( Date: 09-Apr-2026 13:33) Posted:

The company has disappointed the market many times in recent years and so is unwilling to give management the benefit of any doubt.

I expect the share price will only rise materially when concrete steps to return cash to shareholders are announced.
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Alignment
Elite
09-Apr-2026 13:33     
 
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 Alert Admin 		The company has disappointed the market many times in recent years and so is unwilling to give management the benefit of any doubt.

I expect the share price will only rise materially when concrete steps to return cash to shareholders are announced.
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tonytony
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09-Apr-2026 10:48     
 
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 Alert Admin 		Very positive but still unable to attract buying interest,why ???

sfw2124      ( Date: 07-Apr-2026 18:48) Posted:



Olam-Mindsprint Deal: Clearing Up the Confusion (Simple Breakdown)

There' s been some head-scratching about Olam' s (VC2) Mindsprint sale to Wipro. Here' s the plain-English version:

1. The Sale = Straight Win
Olam sells Mindsprint for  US$375m cash  (~S$500m). They originally paid ~US$65m for it years back, so that' s a  ~US$310m profit  booked.
Per-share impact: +10 cents NAV.  Cash goes to special dividends down the line. Home run. Deal closes June 2026.

2. The Services Contract = Business as Usual (Maybe Better)
Olam signs 8-year deal paying Wipro  US$100m/year  for IT/digital services.
This is  55-60% of Olam' s normal IT/shared services budget  (~US$175m total spend).
Not new spending&mdash just redirecting existing IT dollars from internal team + vendors &rarr Wipro' s AI expertise.
Hope for efficiency savings later (TBC).

Who pays post-reorg?  Probably Olam Group overall (split across remaining businesses like ofi). Agri' s already separating.

News article  just reports facts accurately   was spot-on about value unlock but guessed on IT savings (fair call, not confirmed).

Bottom line:  Smart move. Cash today + same operations tomorrow + focus on food biz. Win-win.  DYODD

Joelton      ( Date: 07-Apr-2026 11:16) Posted:



Olam selling IT and digital services unit Mindsprint to Wipro for US$375 million

The agri-food giant will also spend US$100 million annually with the global tech company for eight years

[SINGAPORE] Agri-food giant Olam Group : VC2 -0.58% is selling its information technology and digital services unit to Wipro for US$375 million as part of a broader corporate reorganisation.

The sale of the Mindsprint unit is part of Olam&rsquo s strategy to sell off assets over time, with the company planning to distribute the net proceeds to shareholders via special dividends, Olam said on Monday (Apr 6).

The Singapore-based company also agreed to an eight-year contract to spend US$100 million annually with the global technology services and consulting company. That represents about 55 to 60 per cent of Olam&rsquo s total annual spending on technology and shared services.

Under the agreement, Wipro&rsquo s consultants will use artificial intelligence tools to upgrade Olam&rsquo s technology across its entire supply chain, from farming and manufacturing to customer engagement.

Leadership continuity

Mindsprint will become a wholly owned subsidiary of Wipro upon the completion of the transaction. The sale is expected to close by the end of June.

The unit employs more than 3,200 people globally and serves clients across various sectors including food and agribusiness, manufacturing, retail and healthcare. Key management personnel, including Mindsprint chief executive officer Suresh Sundararajan, will continue to lead the business to ensure stability and continuity.

Olam Group co-founder and CEO Sunny Verghese said the transaction marks another milestone in the company&rsquo s reorganisation plan, allowing Olam to sharpen its focus on core operating businesses and unlock long-term value.

The partnership aims to advance Olam&rsquo s transformation across its &ldquo farm to fork&rdquo value chain, enhancing operational effectiveness in areas such as farming, manufacturing and supply chain operations.

The Mindsprint deal follows the group&rsquo s sale of its stake in Olam Agri to the Saudis. The group also expects the completion and receipt of proceeds from the sale of its remaining stake in port operator Arise P& L &ldquo sometime towards the end of April&rdquo .

The agri-food company sold or wound down three businesses under the remaining group in the 2025 financial year, leaving it with seven.

 


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sfw2124
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07-Apr-2026 18:48     
 
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Olam-Mindsprint Deal: Clearing Up the Confusion (Simple Breakdown)

There' s been some head-scratching about Olam' s (VC2) Mindsprint sale to Wipro. Here' s the plain-English version:

1. The Sale = Straight Win
Olam sells Mindsprint for  US$375m cash  (~S$500m). They originally paid ~US$65m for it years back, so that' s a  ~US$310m profit  booked.
Per-share impact: +10 cents NAV.  Cash goes to special dividends down the line. Home run. Deal closes June 2026.

2. The Services Contract = Business as Usual (Maybe Better)
Olam signs 8-year deal paying Wipro  US$100m/year  for IT/digital services.
This is  55-60% of Olam' s normal IT/shared services budget  (~US$175m total spend).
Not new spending&mdash just redirecting existing IT dollars from internal team + vendors &rarr Wipro' s AI expertise.
Hope for efficiency savings later (TBC).

Who pays post-reorg?  Probably Olam Group overall (split across remaining businesses like ofi). Agri' s already separating.

News article  just reports facts accurately   was spot-on about value unlock but guessed on IT savings (fair call, not confirmed).

Bottom line:  Smart move. Cash today + same operations tomorrow + focus on food biz. Win-win.  DYODD

Joelton      ( Date: 07-Apr-2026 11:16) Posted:



Olam selling IT and digital services unit Mindsprint to Wipro for US$375 million

The agri-food giant will also spend US$100 million annually with the global tech company for eight years

[SINGAPORE] Agri-food giant Olam Group : VC2 -0.58% is selling its information technology and digital services unit to Wipro for US$375 million as part of a broader corporate reorganisation.

The sale of the Mindsprint unit is part of Olam&rsquo s strategy to sell off assets over time, with the company planning to distribute the net proceeds to shareholders via special dividends, Olam said on Monday (Apr 6).

The Singapore-based company also agreed to an eight-year contract to spend US$100 million annually with the global technology services and consulting company. That represents about 55 to 60 per cent of Olam&rsquo s total annual spending on technology and shared services.

Under the agreement, Wipro&rsquo s consultants will use artificial intelligence tools to upgrade Olam&rsquo s technology across its entire supply chain, from farming and manufacturing to customer engagement.

Leadership continuity

Mindsprint will become a wholly owned subsidiary of Wipro upon the completion of the transaction. The sale is expected to close by the end of June.

The unit employs more than 3,200 people globally and serves clients across various sectors including food and agribusiness, manufacturing, retail and healthcare. Key management personnel, including Mindsprint chief executive officer Suresh Sundararajan, will continue to lead the business to ensure stability and continuity.

Olam Group co-founder and CEO Sunny Verghese said the transaction marks another milestone in the company&rsquo s reorganisation plan, allowing Olam to sharpen its focus on core operating businesses and unlock long-term value.

The partnership aims to advance Olam&rsquo s transformation across its &ldquo farm to fork&rdquo value chain, enhancing operational effectiveness in areas such as farming, manufacturing and supply chain operations.

The Mindsprint deal follows the group&rsquo s sale of its stake in Olam Agri to the Saudis. The group also expects the completion and receipt of proceeds from the sale of its remaining stake in port operator Arise P& L &ldquo sometime towards the end of April&rdquo .

The agri-food company sold or wound down three businesses under the remaining group in the 2025 financial year, leaving it with seven.

 

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Joelton
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07-Apr-2026 11:16     
 
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Olam selling IT and digital services unit Mindsprint to Wipro for US$375 million

The agri-food giant will also spend US$100 million annually with the global tech company for eight years

[SINGAPORE] Agri-food giant Olam Group : VC2 -0.58% is selling its information technology and digital services unit to Wipro for US$375 million as part of a broader corporate reorganisation.

The sale of the Mindsprint unit is part of Olam&rsquo s strategy to sell off assets over time, with the company planning to distribute the net proceeds to shareholders via special dividends, Olam said on Monday (Apr 6).

The Singapore-based company also agreed to an eight-year contract to spend US$100 million annually with the global technology services and consulting company. That represents about 55 to 60 per cent of Olam&rsquo s total annual spending on technology and shared services.

Under the agreement, Wipro&rsquo s consultants will use artificial intelligence tools to upgrade Olam&rsquo s technology across its entire supply chain, from farming and manufacturing to customer engagement.

Leadership continuity

Mindsprint will become a wholly owned subsidiary of Wipro upon the completion of the transaction. The sale is expected to close by the end of June.

The unit employs more than 3,200 people globally and serves clients across various sectors including food and agribusiness, manufacturing, retail and healthcare. Key management personnel, including Mindsprint chief executive officer Suresh Sundararajan, will continue to lead the business to ensure stability and continuity.

Olam Group co-founder and CEO Sunny Verghese said the transaction marks another milestone in the company&rsquo s reorganisation plan, allowing Olam to sharpen its focus on core operating businesses and unlock long-term value.

The partnership aims to advance Olam&rsquo s transformation across its &ldquo farm to fork&rdquo value chain, enhancing operational effectiveness in areas such as farming, manufacturing and supply chain operations.

The Mindsprint deal follows the group&rsquo s sale of its stake in Olam Agri to the Saudis. The group also expects the completion and receipt of proceeds from the sale of its remaining stake in port operator Arise P& L &ldquo sometime towards the end of April&rdquo .

The agri-food company sold or wound down three businesses under the remaining group in the 2025 financial year, leaving it with seven.

 
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Alignment
Elite
06-Apr-2026 23:33     
 
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 Alert Admin 		Some confusion has been expressed about this deal, which is understandable as, has been the case in the past, investor communcations has been suboptimal. Let me try to explain.

There are two elements to this deal. First is the sale of Mindsprint for US$375m enterprise value. This deal is clearly positive for Olam, as evidenced by this deal representing a US$310.5m gain for it, hence an increase in NAV per share of 10 cents for Olam when the deal completes. In fact Olam has hit a home run - it has sold a US$65m book value asset at almost 6x the value.

The second element of the deal is the 8 year services contract to Wipro for US$100m a year. Olam stated that this US$100m represents 55-60% of Olam' s annual spend on technology and shared services i.e. Olam spends about US$175m a year on technology and shared services. The scale of these numbers mean one should not look at this as sale and leaseback of Mindsprint. What I believe Olam is doing (which Olam should be explaining more explicitly) is that it spends about US$175m a year on technology and shared services paid to various parties, but with this deal US$100m of the US$175m will be going to Wipro, so the total US$175m has not changed. In fact I would hope at some point to hear that actually Olam will be making a saving on the US$100m compared to what it was previously paying to other 3rd parties i.e. in the future the US$175m per year will fall due ti Wipro efficiency. Let' s see. If so this second leg of the deal announced today would also be a positive in and of itself.

One question I do have is who the counterparty for the Wipro contract is in the context of Olam Group being broken up. Olam Agri and OFI are going their separate ways so will the US$100m be shared between these different parties? 
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shk363
Elite
06-Apr-2026 16:12     
 
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 Alert Admin 		sounds like a negative news

alexvar      ( Date: 06-Apr-2026 15:58) Posted:

This indian wipro deal again seems like an asset sale & lease-back transaction.

Sell OLAIMs asset to WIPRO for US$375 million, and then OLAIM commits to spend US$800 million with WIPRO.

is OLAIM losing US$425m with this transaction?

OLAIM does not even disclose what is ther paper gain or loss from this transaction !

dydd
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alexvar
Senior
06-Apr-2026 15:58     
 
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 Alert Admin 		This indian wipro deal again seems like an asset sale & lease-back transaction.

Sell OLAIMs asset to WIPRO for US$375 million, and then OLAIM commits to spend US$800 million with WIPRO.

is OLAIM losing US$425m with this transaction?

OLAIM does not even disclose what is ther paper gain or loss from this transaction !

dydd
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n3wbie
Elite
06-Apr-2026 09:47     
 
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 Alert Admin 		Anyone following this stock? Positive news with divestment of US$375m but market doesnt seem to react

https://www.theedgesingapore.com/news/ma/olam-sell-it-services-unit-wipro-us375-mil
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Alignment
Elite
28-Mar-2026 14:32     
 
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 Alert Admin 		Ah ok thanks. It' s not impossible, but a month and a half would in the context of other jurisdictions be seen as relatively quick. Let' s see if he is correct.

tonytony      ( Date: 28-Mar-2026 13:28) Posted:

According to a February 2026 report, Sulaiman Al-Rumaih, CEO of the Saudi Agricultural and Livestock Investment Company (SALIC), stated that the deal for the remaining stake in Olam Agri is expected to close by the first quarter of 2026.

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JurongW
Elite
28-Mar-2026 14:05     
 
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Yells: "Earnings give weight, Chart give wings"
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tonytony
Veteran
28-Mar-2026 13:28     
 
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 Alert Admin 		According to a February 2026 report, Sulaiman Al-Rumaih, CEO of the Saudi Agricultural and Livestock Investment Company (SALIC), stated that the deal for the remaining stake in Olam Agri is expected to close by the first quarter of 2026.
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Alignment
Elite
28-Mar-2026 12:34     
 
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 Alert Admin 		Did someone at Olam suggest a 1Q target?

The ECOWAS filing was made in mid Feb. Given this is one of the first cases I believe there is limited precedent, but if you consider the EU equivalent process somewhere between 2-3 months is the norm for such a deal which takes you to mid-April to mid-May as a guesstimate.
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tonytony
Veteran
28-Mar-2026 08:45     
 
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 Alert Admin 		looks like will miss the 1stQ target for the last and only jurisdiction approval . May have to delay to 2nd Q 2026
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