TSX-V: IFOS

Brian Zatarain

Chief Executive Officer

Mr. Zatarain is a senior executive with over nineteen years of hands-on and diverse corporate and business development, finance and investment management experience. Prior to joining the Company, he co-founded Zaff Capital and was a managing director where he was responsible for investment origination, due diligence, structuring, financing, documentation, negotiation and exit strategy execution. Prior to Zaff Capital, Mr. Zatarain was an executive vice president at AEI where he chaired the investment committee and was responsible for corporate and business development, strategy, and enterprise risk management. Before joining AEI, Mr. Zatarain worked in the international business development and asset management group at Enron Corp. and was a key member of the team that created and executed the equity spin-off exit strategy of Enron Corp.’s international businesses through the formation of Prisma Energy, which was subsequently sold to AEI. Prior to Enron Corp., he worked at Coastal Corp. supporting the execution of its international energy infrastructure acquisition and greenfield development strategy. Mr. Zatarain has served as a director on the boards of directors of multiple power generation, power distribution, gas transportation, and gas distribution companies, including publicly listed power and gas utilities and an energy infrastructure fund and is currently a director of Stonegate Agricom Ltd. and an advisor to various public and private companies. Mr. Zatarain holds a Bachelor of Arts in economics from the University of Texas and a Master of Business Administration from Duke University.

Rafael Rangel

Chief Financial Officer

Mr. Rangel is a senior executive with over 30 years of experience leading accounting, tax and treasury functions for both public and private companies. Prior to joining Itafos Mr. Rangel held positions of increasing responsibility at AEI, Enron, Baker Hughes and United Technologies. Mr. Rangel has particular expertise in accounting and tax due diligence, non-routine transaction and purchase accounting and post-acquisition accounting and tax integration. Mr. Rangel is certified public accountant and holds a bachelor of business administration with a double major in accounting and finance from the University of Texas and a master of business administration from the University of Houston.

Ernesto Cordova

Head of Corporate Operations

Mr. Cordova is a senior executive with over 25 years of C-Level development, commercial and operations experience with profit and loss responsibilities. He previously worked as CEO and Regional Manager of large energy businesses, with responsibilities in development, commercial strategy and operations for AEI, Gas Natural, Enron, Constellation and Coastal Power, primarily based in Latin America. Mr. Cordova holds a bachelors degree in Business Administration from the University of Texas, a masters degree in Energy Economics from NYU and a PhD in Energy Management and Policy from the University of Pennsylvania.

Marten Walters

Head of Operations

Mr. Marten Walters is a Chemical Engineer and President of KEMWorks, a company specializing in Phosphate Project Development based in Lakeland, Florida. He has more than 35 years’ experience in the design, start-up and operation of fertilizer and chemical plants. Mr. Walters has designed and started up phosphoric acid, granulation, and animal feed plants in Australia, Brazil, China, Morocco, US and UK. He was Project Manager for beneficiation and fertilizer plant feasibility studies including: Minemakers, Australia (Bankable Feasibility Study); Cominco, DR Congo; VKG, Estonia; GB Minerals, Guinea-Bissau (Bankable); Sunkar, Kazakhstan; Texuna, Uzbekistan (Bankable); Vale, Peru and Mozambique; Wadi Group, Egypt. He served as Technical Manager at Jacobs Engineering Fertilizer Center for three years and was responsible for all aspects of process engineering and lab testing. Mr. Walters earned his Bachelor’s in Chemical Engineering from the University of Manchester. He is honored as the 1997 Engineer-of-the-Year by the Central Florida AIChE and is a Fellow of AIChE (US) and IChemE (UK).

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