Mihir Dange joined XCF as its Chief Executive Officer in November 2023 and as a member of its board of directors in March 2024. Mr. Dange has over 25 years of experience in commodities trading and public markets. Since 2016, Mr. Dange has also served as Co-CEO of Wapanda, Inc. (“Wapanda”). At Wapanda, Mr. Dange created and implemented the first NYC-approved E-Hail mobile application for taxicabs which provided consumers with upfront pricing. Mr. Dange also worked with the Tusk Organization on regulatory bill LS 16081 to improve taxi efficiencies around debt restructuring of medallion financial assets and bolster taxi stability as well as the initiation of legislation Int. 2432-2021 to create the first autonomous vehicle ownership structure within tax medallion assets in New York City. From 2006 to 2014, Mr. Dange served as co-founder and Head of Trading for Arbitrage Capital, LLC, trading futures and options for FX, equities, and commodities. Mr. Dange evaluated dynamic trading strategies, improved trading practices, conducted portfolio analysis, created performance reports, and maintained relationships with multiple brokers. Mr. Dange has been a frequent guest analyst on CNBC, Bloomberg, BNN, and other major media outlets.

Anne Anderson is a seasoned business executive and board member with extensive experience in strategy, operational leadership, and commercial dealmaking across the energy and chemicals industries. Over her 16-year career at Shell Oil and its affiliates, she held several senior leadership roles, including Vice President, Chemicals Americas of Shell Chemical LP, Senior Vice President Global Marketing, Growth, Sustainability and Transformation, and Special Advisor. Ms. Anderson also helped lead Shell’s global sales of fuels and lubricants to the aviation industry as Shell International Petroleum Company’s Vice President, Aviation. Ms. Anderson has a proven track record of leading large-scale commercial transactions, optimizing global operations, and driving growth initiatives. She has successfully negotiated $1 billion+ deals, enhanced operational excellence, and implemented continuous improvement strategies to maximize efficiency and profitability. She leverages deep expertise in portfolio and performance management, having served as a Board Member for Shell Midstream Partners LP, overseeing strategy and governance for a publicly traded midstream company.

Sanford (Sandy) Cockrell is a seasoned strategy and financial executive with over 40 years of experience advising senior executives, management teams, and boards of large multinational companies. His expertise spans complex financial accounting and taxation, corporate strategy, capital deployment, operational execution, and investor and regulatory relations. Mr. Cockrell brings deep corporate governance experience through his multiple terms of service on both the U.S. and global boards of Deloitte, including his role as Vice Chair of the U.S. board. He also served as the Advisory Partner to several of Deloitte’s largest public company attest clients, where he provided critical guidance on business, industry, and technical issues. His extensive experience working with c-suite executives and boards allows him to provide key insights into best-in-class executive team execution and valuable interactions with boards of directors.

Si-Yeon Kim is a seasoned corporate board director, private equity advisor, and global risk expert with over 20 years of experience in M&A, private equity, and international operations across travel, payments, industrials, and decarbonization. She has held leadership roles at JP Morgan Chase, American Express Global Business Travel (“Amex GBT”), and Avon, advising public and private boards on risk management, cybersecurity, regulatory compliance, and strategic growth initiatives. Ms. Kim played a key role in Amex GBT’s $5.3 billion public listing (NYSE: GBTG) and $1 billion in capital deployment for digital transformation and M&A integration. She also helped launch the first-ever blockchain-based SAF platform in partnership with Shell Aviation and represented GBT at COP26 to advance corporate climate strategies. Her experience spans IPO preparation, business transformation, governance, and emerging clean technologies.

Carter McCain is a highly accomplished attorney and business leader with a long and distinguished career advising clients on a variety of matters including international business, alternative finance and funding and financial instruments. He was the Founder and is a Principal in McCain Law. In addition, from 2010 to the present he has also served as the Founder, Director, and General Counsel of Chase International and Chase Alternative Financial Solutions and also serves as Director and General Counsel of Vermilion LLC, a family-owned private investment company focused on fuel trading and gold arbitrage.

Since 2021, Wray Thorn has been a Partner and Co-Founder of Focus Impact Partners, LLC and currently serves as the Chief Investment Officer of Focus Impact Acquisition Corp. Also since 2021, Mr. Thorn has been the Founder and Chief Executive of Clear Heights Capital. From 2012 to 2021, Mr. Thorn was a Managing Director and Chief Investment Officer - Private Investments at Two Sigma Investments, where he architected and led the firm's private equity, venture capital and impact investment businesses and was a leader in the creation of Hamilton Insurance Group and the incubation of Two Sigma's insurance technology activities. With approximately three decades of experience as a chief investment officer, investment leader and lead director, Mr. Thorn has firsthand knowledge of investment firm leadership, private investing and company value creation. Mr. Thorn has built and led businesses to source, structure, finance and make private investments, to allocate and risk manage capital across private investment strategies and to help companies, organizations and executives realize their growth and development objectives. Mr. Thorn has also been at the forefront of proactive impact investing principals, putting people first in private investing as well as applying data and technology to innovate private investing. Mr. Thorn also serves as Co-Chair of the Board of Youth, INC and Vice Chair of the Board and Chair of the Investment Committee for Futures and Options, both of which are Non-Profit Organizations.