Bunge Limited has announced that Drew Burke, Chief Financial Officer, is retiring effective December 31, 2016. The company plans to name a successor before the end of the year, and is conducting a search that will consider both internal and external candidates.
“For the past 14 years and in several roles, Drew has made great contributions to Bunge’s growth and success,” said Soren Schroder, CEO, Bunge Limited. “As CFO, he has helped create shareholder value by driving efficient portfolio management, financial discipline and prudent allocation of capital. His financial expertise, deep knowledge of the business and strong leadership have made him a highly valued advisor and member of our team. We wish him all the best in his retirement.”
Mr. Burke said “I’m proud of what we’ve accomplished as a team at Bunge over the past 14 years. This was a difficult personal decision for me, as it’s an exciting time for the company. I’ll be staying on until the end of the year to assure a smooth transition, and am confident that with the strategic plan and talented team we have, Bunge will capitalize on excellent growth opportunities ahead.”
Mr. Burke was named Chief Financial Officer in February 2011, having served as interim Chief Financial Officer since September 2010. He joined Bunge in 2002 as Managing Director, Soy Ingredients and New Business Development. Previously, he was CEO of the U.S. subsidiary of Degussa AG and worked for Beecham Pharmaceuticals and Price Waterhouse & Company.
Source: Bunge Limited
As 2024 comes to a close, the FoodBev Media team reflects on the year gone by and shares their thoughts and predictions for the industry in the year ahead. Join us as we explore what’s on the menu for 2025.
Butterfly Equity, a US private equity firm focused on the food and beverage sector, has appointed former Constellation Brands executive, Robert Hanson, as CEO of The Duckhorn Portfolio, effective 1 February. The move comes after Butterfly’s acquisition of the luxury wine company for $1.95 billion in October last year.
After the transaction closes, Simple Mills will remain an independent subsidiary of Flowers Foods, led by founder and CEO Katlin Smith and her leadership team. The company will continue operating from its locations in Chicago, Illinois and Mill Valley, California.
