19 March 2026 We are delighted to announce the appointment of Rafael Fraletti as Head of Biofuels, and Head of our Nyon Branch Office. Based in Geneva for the past three years, Rafael brings nearly a decade of experience in global biofuels trading. Before joining Gapuma, he spent seven years at Raízen – one of the world’s leading energy and biofuels groups – where he built an exceptional track record across international ethanol markets, first in Brazil and subsequently in Switzerland, with a particular focus on the European landscape. Over the past 15 months at Gapuma, Rafael has been instrumental in developing new trading flows, strengthening commercial relationships, and expanding the company’s footprint across key biofuel markets. He has played a central role in structuring and scaling our biofuels platform, and this appointment reflects both the confidence we place in him and the momentum the business has built under his contribution. In his new role, Rafael will lead the strategy and continued growth of our biofuels business, as well as overseeing operations at our Nyon branch. Rafael is motivated by a clear ambition: to position Gapuma not merely as a reliable supplier, but as a committed counterparty – one that actively contributes to the development and expansion of biofuels markets within the global decarbonisation agenda. That mission sits at the heart of everything we are building here. We look forward to the next chapter.