Alex Beard (businessman)

Alexander Frank Beard (born 1967)[1] is a British billionaire businessman, based in London. He is chairman and founding shareholder of Adaptogen Capital, a London-based infrastructure firm. Established in 2020, the firm is focused on building a portfolio of storage batteries across the UK that will provide stability to the grid and storage capacity.

Alex Beard
Born
Alexander Frank Beard

1967 (age 55–56)
NationalityBritish
Alma materChrist Church, Oxford University
OccupationBusinessman
Children3

He is also a sponsor in Energy Transition Partners (ENTP), a special purpose acquisition company, created with the objective of acquiring a business operating in the energy transition sector.[2]

Beard was formerly CEO of Glencore's worldwide oil operations, one of the world's largest commodity trading and mining companies.[3] In June 2019, it was announced he would retire after 24 years with the company.[4]

Early life

Beard attended Gravesend Grammar School for Boys between 1980 and 1985. He studied at Christ Church, Oxford University in 1985 and graduated with an MA in Biochemistry in 1989.[1][5]

Career

Beard joined BP as a graduate and worked there as an oil trader from 1990–94. He joined Glencore in 1995 as a trader in Russia and FSU and took over responsibility for all trading in those areas. In 2007, he was appointed as CEO of Glencore's worldwide oil department.[4]

During his tenure Glencore substantially increased their global business to trade over 5Mb per day of crude and products. Beard also created the RussNeft joint venture for production in Russia as well as  invested in shipping, refining and storage assets.

In June 2019, it was announced Beard would step down as the head of Glencore's oil division.[4]

According to Forbes, he is worth $2.3 billion.[1]

His new investment fund, Adaptogen Capital is focused on building a portfolio of at least 800MW of strategic storage batteries across the UK to provide stability for the UK grid as the  supply of renewable energy increases. Other ventures include being a Sponsor of Energy Transition Partners (ENTP), a Special Purpose Acquisition Company, created with the purpose of acquiring a business operating in the energy transition sector.[2][6]

Personal life

Beard is married, has three children and lives in London.[1]

He endowed a £6m fund at Christ Church which funds income support for undergraduates as part of the Oxford University Bursary Scheme and was made an honorary student of Christ Church in 2012.[5][7][8] He was also a donor to the Royal Marsden Oak Cancer Centre. He joined the board of trustees for Shakespeare's Globe in London in 2017, becoming Deputy Chairman in 2019 before stepping down in 2022.[9]

References
  1. "Alex Beard". Forbes. Retrieved 12 January 2023.
  2. "Energy Transition Partners B.V. lists on Euronext Amsterdam | euronext.com". www.euronext.com. Retrieved 12 January 2023.
  3. "The rise of Glencore, the biggest company you've never heard of". the Guardian. 19 May 2011. Retrieved 12 January 2023.
  4. "Glencore oil chief Alex Beard to retire". Financial Times. 3 June 2019. Retrieved 12 January 2023.
  5. "Teaching and Research Staff | Christ Church, Oxford University". www.chch.ox.ac.uk. Retrieved 12 January 2023.
  6. Zhdannikov, Dmitry (30 September 2021). "EXCLUSIVE The king of oil bets on batteries for a green world". Reuters. Retrieved 12 January 2023.
  7. "Boat Club Society | Christ Church, Oxford University". www.chch.ox.ac.uk. Retrieved 12 January 2023.
  8. ""Christ Church... In Perpetuity" | Christ Church College | Oxford University | 2014/15" (PDF).
  9. "Join our Board of Trustees for 2022 | Blogs & features". Shakespeare's Globe. Retrieved 12 January 2023.
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