The Board of Directors is currently comprised of eight individuals. Members have operated at senior executive levels at some of the largest major consumer brand FMCG companies in the world and at leading logistics and technology companies, providing them deep insight into the needs of pallet users.
ABOUT RM2
RM2 launched the smart pallet revolution by embedding autonomous IoT sensor technology in its logistically-optimized, hygienic BLOCKPal™ composite pallets. IoT sensor data are transmitted to the cloud via the LTE-M network, making visible the pallet’s location and condition both indoors and in transit without requiring any additional hardware or IT development. RM2 ELIoT®, the Company’s cloud-based supply chain intelligence platform, captures and contextualizes location, temperature, shock, and event data, giving customers end-to-end supply chain visibility and clear, actionable insights in real time. RM2 issues, retrieves, and sanitizes more than 1.5 million of its hygienic IoT pallets annually through a nationwide network of over 30 service facilities in a cost-effective, scalable, and environmentally sustainable pallet pooling system.
1,500,000
Annual Pallet Issues
30
Service Facilities
60,000,000
R&D Investment
BOARD OF DIRECTORS
R. Ian Molson was born and grew up in Montreal, Canada and is currently a director of Cayzer Continuation PCC Ltd, Central European Petroleum Ltd (Deputy Chairman) and JCB Services Limited. From 1999 to 2004, he was deputy chairman of the board and Chairman of the Executive Committee of Molson Inc., a Canadian public corporation founded in 1786. Between 1977 and 1997, he was employed by Credit Suisse First Boston, one of the leading investment banking and securities firms in the world. From 1993 to 1997, he served as co-Head of their Investment Banking Department in Europe, a position which encompassed all corporate finance, corporate advisory, mergers and acquisitions businesses in Europe, Russia, Africa and the Middle East. He graduated from Harvard University (BA Honors) in 1977.
Kevin Mazula has over 25 years of executive management experience, successfully leading growing businesses across a range of industries and geographies. He joined RM2 as Chief Operating Officer in April 2016 and became Chief Executive Officer in August 2017.
Prior to joining RM2, Mr. Mazula served as Chief Commercial Officer at PRIMUS Technologies and as a Senior Vice President of Xerox, where he led growth strategy and global productivity and cost competitiveness initiatives, respectively. Prior to these roles, Kevin served as Vice President of Global Business Units at Jabil, where he led the company’s Telecom and Networking business. He also founded Jabil’s Energy Management business, establishing the company’s leadership position in Smart Metering and the Smart Grid. Mr. Mazula began his career at General Electric, holding leadership roles in engineering, operations, and program management.
Mr. Mazula is a member of the Executive Board of the Reusable Packaging Association, a non-profit trade organization focused on achieving sustainability through the reuse of packaging systems. He graduated with honors from the Wharton School where he earned his MBA in International Finance. As a Lauder Fellow, he was also awarded a MA in International Studies from the University of Pennsylvania. Mr. Mazula earned his undergraduate degree in Mechanical Engineering from the Massachusetts Institute of Technology.
Prior to joining RM2, Mr. Mazula served as Chief Commercial Officer at PRIMUS Technologies and as a Senior Vice President of Xerox, where he led growth strategy and global productivity and cost competitiveness initiatives, respectively. Prior to these roles, Kevin served as Vice President of Global Business Units at Jabil, where he led the company’s Telecom and Networking business. He also founded Jabil’s Energy Management business, establishing the company’s leadership position in Smart Metering and the Smart Grid. Mr. Mazula began his career at General Electric, holding leadership roles in engineering, operations, and program management.
Mr. Mazula is a member of the Executive Board of the Reusable Packaging Association, a non-profit trade organization focused on achieving sustainability through the reuse of packaging systems. He graduated with honors from the Wharton School where he earned his MBA in International Finance. As a Lauder Fellow, he was also awarded a MA in International Studies from the University of Pennsylvania. Mr. Mazula earned his undergraduate degree in Mechanical Engineering from the Massachusetts Institute of Technology.
David Binks brings to the Board 35 years of experience in the logistics and distribution industry, gained through senior Marketing, Sales, Operations and Business Leadership roles, around the World at FedEx Express. Most recently Mr. Binks was concurrently CEO of TNT worldwide and Regional President FedEx Europe, based in the Netherlands. In this role, following the €4.4 billion acquisition of TNT Express by FedEx, Mr. Binks led the individual business units while also preparing and executing the full integration of the two businesses. Since retiring from FedEx in 2018 Mr. Binks has been active in NED roles, consulting, startup investment and book publishing. An Economics graduate from Coventry University, he now resides in Amsterdam.
Richard (“Dick”) Cashin is a significant shareholder of RM2. Mr. Cashin founded One Equity Partners in 2001 and is the President and a member of the Investment Committee.
Prior to founding OEP, Mr. Cashin was with Citigroup Venture Capital from 1980-2000 and served as President from 1994-2000. Mr. Cashin is a Trustee of the American University in Cairo, Boys Club of New York, Brooklyn Museum, Central Park Conservancy, Jazz at Lincoln Center, National Rowing Foundation, and Newport Festivals Foundation. Mr. Cashin is active in inner-city educational initiatives, Row New York’s efforts to build a Norman Foster designed boathouse on the Harlem River, and Harvard fundraising where he has served as Co-Chairman of his Harvard class for over 40 years. In 1976 and 1980, Mr. Cashin was a member of the U.S. Olympic Rowing Teams and was a world champion in 1974. Mr. Cashin is the son of a Foreign Service Officer and grew up in Libya, Ethiopia, Ghana, Indonesia, and Pakistan. He attended Harvard University and graduated in 1975 with a degree in East Asian Studies. Following a one-year fellowship at Trinity College, Cambridge in 1976, he worked at Jardine Matheson in Hong Kong. In 1980, Mr. Cashin completed his M.B.A. at Harvard Business School.
Prior to founding OEP, Mr. Cashin was with Citigroup Venture Capital from 1980-2000 and served as President from 1994-2000. Mr. Cashin is a Trustee of the American University in Cairo, Boys Club of New York, Brooklyn Museum, Central Park Conservancy, Jazz at Lincoln Center, National Rowing Foundation, and Newport Festivals Foundation. Mr. Cashin is active in inner-city educational initiatives, Row New York’s efforts to build a Norman Foster designed boathouse on the Harlem River, and Harvard fundraising where he has served as Co-Chairman of his Harvard class for over 40 years. In 1976 and 1980, Mr. Cashin was a member of the U.S. Olympic Rowing Teams and was a world champion in 1974. Mr. Cashin is the son of a Foreign Service Officer and grew up in Libya, Ethiopia, Ghana, Indonesia, and Pakistan. He attended Harvard University and graduated in 1975 with a degree in East Asian Studies. Following a one-year fellowship at Trinity College, Cambridge in 1976, he worked at Jardine Matheson in Hong Kong. In 1980, Mr. Cashin completed his M.B.A. at Harvard Business School.
Eli Davidai joined Quadrant Management, Inc in 1991 and is a Managing Director. Mr. Davidai has made numerous investments across Central and Eastern Europe, Israel and the United States, where he takes active Board roles. Mr. Davidai previously held Executive level positions at large multinational companies based in Israel. He holds an MBA from Tel Aviv University Recanati as well as a BSC in Industrial Engineering from the Techeniun Institute in Israel and graduated from the Harvard OPM program.
Andrew M. Geisse is a 35+ year technology industry veteran. He currently serves in an advisory or board member capacity to nearly a dozen innovative technology and start-up firms and is an Operating Partner at Bessemer Venture Partners. Andy is the former CEO of AT&T Business Solutions and the former CIO of AT&T, Inc. Whilst CEO for AT&T’s business-to-business group, Andy was responsible for over $70 billion of AT&T’s revenues with 65,000 employees and contractors. He also developed the group’s growth and product strategy, including AT&T’s new cloud strategy and oversaw the growth of the group’s mobility and strategic wireline services. His deep experience in digital technology as well as his involvement in advising innovative firms brings complementary knowledge and skills to the RM2 Board. Andy earned a bachelor degree in Economics and Mathematics from the University of Missouri and holds an MBA from Olin School of Business at Washington University.
Frances Hodler manages a portfolio of early-stage and growth equity investments on behalf of her family. The portfolio spans the wellness, logistics and medical industries; she serves and observes on a few of the boards. Frances has been involved with RM2 since 2018. She holds a BA in Economics and an MBA from Harvard University. Frances lives in London with her husband and three young children.
Weston Quasha is a Managing Director at Quadrant Management, Inc., a New York-based investment firm with holdings across a diverse set of industries and asset classes. He holds director level positions at several portfolio companies, including Yola Inc., Vantem Global and United Insurance. Prior to joining Quadrant, Weston ran North American investments for Reinet Investments S.C.A., a Luxembourg-listed private equity fund with over $4 billion in assets. Mr. Quasha began his career at Richemont, a global luxury goods firm. He holds an BA in Government from Harvard College.
COMPANY HISTORY
RM2 was founded in 2007 to develop and bring to market a revolutionary composite pallet and supply chain service platform. Since its inception, the Company has invested more than US $60 million in R&D for pallet manufacturing technology and design.
- 2007
RM2 Founded
RM2 Founded
January 1, 2007RM2 was founded in 2007 to develop and bring to market a revolutionary composite pallet and supply chain service platform
- 2011
Market Research and R&D
Market Research and R&D
January 1, 2011Since its inception, the company has invested more than US $60 million in R&D for pallet manufacturing technology and design.
- 2013
Equipment Tracking Acquisition
Equipment Tracking Acquisition
January 1, 2013Acquires Equipment Tracking and its ERICA pallet tracking and management software.
- 2014
IPO
IPO
January 7, 2014Company completes an IPO on the AIM Market of the London Stock Exchange, raising $214.5M.
- 2014
DAQS Acquisition
DAQS Acquisition
September 9, 2014RM2 acquires DAQS technology for improved supply chain management and logistics efficiencies.
- 2016
IoT Pallet Launched
IoT Pallet Launched
January 9, 2016RM2 introduces the first Internet of Things (IoT) trackable pallet, allowing customers to trace pallet movements and be informed of temperature and shock data, giving unparalleled insight to their supply chains and providing numerous opportunities for cost-saving.
- 2020
Delisting of Shares from AIM
Delisting of Shares from AIM
January 15, 2020On January 15, 2020, the shareholders of the Company voted to cancel the trading of the Company’s shares on the AIM market of the London Stock Exchange. The cancellation was effective January 20, 2020. A matched bargain trading facility was implemented with Asset Match to facilitate secondary market trading of the Company’s shares.
- 2021
First Step Equity Increase
First Step Equity Increase
July 1, 2021In July 2021, the Company entered into a Share Exchange Agreement (the “Exchange Agreement”) with ARC Group Worldwide, Inc. (“ARC”) (OTC Markets: ARCW) and certain shareholders of RM2 to acquire 100% of the issued and outstanding RM2 ordinary shares (the “RM2 Shares”). Pursuant to the terms of the Exchange Agreement, shares of common stock of ARC (“ARC Common Stock”) were exchanged for substantially all of the issued and outstanding RM2 Shares (the “Exchange Issuances”) on February 1, 2022. Approximately 1.6% of the RM2 Shares remain issued and outstanding among widely dispersed shareholders (the “RM2 Minority Shares”). The Company plans to exchange the RM2 Minority Shares for shares in ARC as soon as reasonably feasible. All of the shares of ARC Common Stock issued pursuant to the Exchange Issuances were issued with restricted transfer legends (the “Exchange Shares”). The issuances of the Exchange Shares were exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) in reliance upon Section 4(a)(2) thereunder as an offering not involving a public offering.
- 2022
Second Step Equity Increase and Redomiciliation in the US
Second Step Equity Increase and Redomiciliation in the US
February 1, 2022In the second step of the capital transaction, further funds were invested in RM2 via existing shareholders and a new institutional investor and in a share exchange transaction with the principal shareholders of RM2, shares of RM2 were exchanged for shares in a Utah company traded on the OTC Pink Sheets. Consequently, the new parent company of RM2 is domiciled in the US.