Fastmarkets Bolsters Board with Appointment of Industry Veteran Larry Neal

August 5, 2023

Key Takeaways

  1. Larry Neal, the current CEO of Cisive, joins the board of Fastmarkets, bringing a wealth of experience from his successful tenures at S&P Platts and other leading companies.
  2. The move is poised to further strengthen Fastmarkets’ leadership and strategic capabilities.
  3. Fastmarkets is a leading price reporting agency providing pricing data, analysis, and events to the global cross-commodity markets.

About Fastmarkets

Fastmarkets is a preeminent price reporting agency (PRA) and information provider for global commodities. They deliver vital price data, news, analytics, and events for the agriculture, forest products, metals and mining, and new-generation energy markets. Founded in 1865, the company, with more than 500 employees spread across the globe, is relied upon for its deep market knowledge and trustworthiness. It is part of the Astorg portfolio, a European private equity firm with over €20 billion of assets under management.

Larry Neal: A Formidable Addition to the Board

Larry Neal, the present CEO of Cisive, a data-focused background screening company, and the former President of S&P Platts, is the newest member of the Board of Directors at Fastmarkets. Known for his exceptional leadership skills, Neal’s distinguished career is marked by considerable business growth and operational excellence. Notably, he steered S&P Platts to a near tripling of revenues within seven years, managing a global workforce of over 1,000 employees across 15 locations. Neal’s career began at General Electric and IBM, and he has also served on the boards of Optimal Blue and Callcredit.

“We are thrilled to welcome Larry to our Board of Directors. His deep commodity industry knowledge, exceptional leadership skills, and strong focus on delivering results make him an ideal addition to our Board,” stated Raju Daswani, CEO of Fastmarkets. “We are confident that his expertise and strategic guidance will be invaluable as we continue to provide accurate and reliable market information to our clients.”

Expectations from the New Appointment

The entry of Larry Neal into Fastmarkets’ board is anticipated to bring about further growth and success to the company. His proven track record in delivering exceptional profit and loss performance and his unwavering customer focus throughout his career is expected to play a significant role in shaping Fastmarkets’ future.

“I am delighted to be joining the Board of Fastmarkets, a leading provider of commodity market information and analytics,” expressed Neal. “The company’s growth achieved through its commitment to accuracy, transparency, and comprehensive coverage of the global commodity markets is truly impressive. I look forward to working with Raju and the Fastmarkets team and contributing to the next exciting growth and success phase.”

Astorg’s Enthusiasm for the Appointment

Fastmarkets’ progress is backed by Astorg, a European private equity firm managing over €20 billion of assets. James Davis, Partner at Astorg, expressed enthusiasm for Neal’s appointment, stating, “We are excited to have Larry Neal join the Board of Directors at Fastmarkets. His track record of growth, exceptional leadership, and operational expertise will further enhance Fastmarkets’ position as a leading player in the industry. We look forward to working closely with Larry and the Board to support the company’s continued success.”

The Road Ahead

With the induction of Larry Neal into the Board of Directors, Fastmarkets is poised for continued growth and increased success. His deep industry knowledge, combined with his exceptional leadership skills, is expected to play a crucial role in strengthening Fastmarkets’ position in the industry. With a strong focus on delivering results, Neal’s strategic guidance will be vital in Fastmarkets’ pursuit to provide accurate and reliable market information to its clients across the globe.

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