Adam Thompson, the former Chief Financial Officer of Lifecycle Oils, has been promoted to CEO, while Graeme McFaull becomes Non-Executive Chairman. Joining them are seasoned transport and recycling expert Mark Mansfield, who becomes Operations Director. Experienced oils and fats business development specialist, Suzanne McKenzie, has joined as the new Sales Director.
The appointments follow significant further investment from Gresham House’s Sustainable Infrastructure ‘BSIF’ funds, as the majority shareholder. Gresham House is a specialist alternative asset manager that invests in themes shaping the world in which we live.
Experienced CFO and COO Adam Thompson was brought into the business in September 2024. Adam has an excellent track record in driving growth and scaling businesses across multiple industries, including energy and logistics, engineering and manufacturing.
New Chairman Graeme Mcfaull has spent more than 25 years in the European logistics and food industry. The former CEO of UK listed logistics business Wincanton PLC, he has also held senior finance roles at both PepsiCo and Cargill. Graeme is also the current chairman of both Delin Property and Suttons Group.
Under the new leadership team, Lifecycle Oils will continue to invest in the UK wide expansion of its used cooking oil collection network and processing facilities, as it looks to capitalise on the growing UK demand for biofuels, waste reduction and more sustainable, circular solutions across the food industry.
Adam Thompson, the new CEO, explains: “We have ambitious plans to become a key player in the UK renewable energy market by transforming yesterday’s cooking oil into tomorrow’s green energy. With nationwide coverage, expansive capacity and our new state of the art production facility in Wednesbury, Lifecycle Oils is perfectly positioned to meet growing domestic and international demand for greener biofuels and sustainable aviation fuels.
“Our mission is to support the transformation of the UK energy system for the benefit of people and the planet. To achieve this, we’ll drive sustainable growth by expanding our nationwide collection network, diversifying into new areas of the food industry, developing our waste oil collection service and building further production capacity.”
Simon Adcock, Managing Director and Co-Fund Manager of the Gresham House Sustainable Infrastructure ‘BSIF’ funds, said:
“We are delighted to welcome Graeme, Suzanne and Mark to our portfolio company Lifecycle Oils, and to announce the promotion of Adam to CEO. Lifecycle Oils is a rapidly growing business and will be a key player in the UK biofuel production supply chain, helping the UK Government to meet its ambitious targets for the sector. We are pleased to have attracted, and be working with, such a high calibre management team.”
Image credit: Lifecycle Oils