Andrea Aranguren has taken over as CEO of Vancouver-based MineHub Technologies, replacing Arnoud Star Busmann months after MineHub acquired Aranguren’s Waybridge Technologies.
She co-founded Waybridge with Scott Evans after they both worked at US investment bank Goldman Sachs.
MineHub and Waybridge have both been working to digitise commodity trading and supply chains.
“I am extremely excited and honoured to assume this new role as CEO and look forward to building upon the company’s strong foundation created under Arnoud’s leadership,” Aranguren said.
“I am … committed to advancing our position as a global leader in providing mining and supply chain technology solutions, driving innovation, and delivering unparalleled value to our customers.”
Aranguren was vice president, environmental markets for IHS Markit, where she helped develop the company’s Commodity Tracker, a digital documentation and inventory reconciliation platform for physical commodities. Prior to IHS Markit, she was vice president, metals logistics at Goldman Sachs, where she led development of an innovative scheduling and trading platform and also managed the onboarding of structured oil and gas market financing transactions.
She graduated from the University of Pennsylvania with honours in economics and received her MBA from Columbia University.
Busmann plans to stay on as a director of MineHub. Founder of UK-based investment firm Sankofa Investment Partners, David Williams, has meanwhile joined the company’s advisory board.
“MineHub is in a strong position as it enters an exciting growth phase,” Busmann said.
“We have operationalised our vision, proven product-market fit with multiple products in multiple segments, built a world-class team with operations and customers in key commodity locations like Singapore, London, New York, Shanghai, Santiago and Tokyo.
“We have gone from zero to one and from one to 10 paying customers and these customers include the largest corporates in the industry. Our revenue generation is gathering pace – viral adoption and network effects will provide fuel to the growth engine from here on.”
Busmann said convergence of the “digitalisation of the real world, Web3 and AI” was accelerating and would “unlock new business models and true transformation in finance, supply chains, sustainability and commodity markets”.