XCF Global (SAFX) Announces Board Appointment

​XCF Global, Inc. ("XCF") (Nasdaq: SAFX), a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel ("SAF"), today announced the appointment of its Board of Directors following the successful completion of its business combination and public listing on Nasdaq under the ticker symbol SAFX. The newly constituted Board brings together a diverse group of experienced leaders with backgrounds in energy, aviation, financial markets, private equity, law, corporate governance, and operational leadership.

The initial six members of the XCF Global Board of Directors are:

• Mihir Dange (Board Chair) - Chief Executive Officer of XCF Global, bringing more than 25 years of experience in commodities trading, capital markets, and company leadership.

• Anne Anderson (Lead Independent Director) - Former senior executive at Shell and board member of Shell Midstream Partners with extensive experience in global energy, aviation fuels, and large-scale commercial transactions.

• Sanford (Sandy) Cockrell (Director) - Former US and global board member and senior client service partner at Deloitte LLP, with decades of experience in financial strategy, accounting, tax, governance, and executive advisory.

• Si-Yeon Kim (Director) - Global executive and private equity advisor with expertise in M&A, corporate governance, and aviation decarbonization, including prior senior leadership roles at American Express Global Business Travel and JPMorgan Chase & Co.

• Carter McCain (Director) - Highly accomplished attorney and principal in McCain Law P.A., advising clients on international business transactions, finance, and investment structuring.

• Wray Thorn (Director) - Partner and Co-Founder at Focus Impact Partners and former CIO - Private Investments at Two Sigma Investments, with extensive experience in private equity, capital formation, impact investing, and growth-stage business leadership.

"We are fortunate to have assembled such an accomplished and highly qualified group of directors to guide XCF as we execute our growth strategy and scale SAF production," said Mihir Dange, Chief Executive Officer and Board Chair. "Our Board has built, scaled, and governed business at the highest level and will be instrumental as we advance our mission to lead the decarbonization of the aviation industry."

The Board appointments were made in accordance with the terms of the Business Combination Agreement between XCF Global and Focus Impact BH3 Acquisition Company. As previously disclosed, the Company intends to expand the Board in the future to nine members and, if their appointment does not conflict with Nasdaq rules concerning board independence, add Mr. Carl Stanton, who is currently serving as a Board Observer, and Mr. Gregory R. Surette, who is XCF's Chief Strategy Officer and Corporate Secretary, to the Board along with an additional director meeting the independence and other requirements for service on our Board.

For additional details on the Board of Directors, please refer to the Company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on June 12, 2025.

You May Also Be Interested In

• Hertz prices share lending deal tied to new debt offering
• FPT and Microsoft expand AI collaboration across Asia
• DraftKings Inc. (DKNG) PT Raised to $36 at Citizens on Prediction Market Opportunity