Philippe Nahon, in charge of grains trading in Africa and the Middle East at Archer Daniels Midland (ADM), is leaving the company, sources close to the matter said.
Nahon had been with the company since 2002, having started at grains trading house Toepfer, which was integrated in ADM in 2014.
The sources said Nahon had been asked to leave the company early this week and was no longer going to the EMEA headquarters based in Rolle, Switzerland.
ADM declined to comment.
By Valerie Parent and Sybille de La Hamaide
Source: Reuters
Paine Schwartz Partners has closed on a Paine Schwartz Food Chain Fund VI, L.P. at $1.7 billion. The fund is aimed at investing in the food and agribusiness value chain. The company has invested about 40% of Fund VI in AgroFresh Solutions, Costa Group, Elemental Enzymes, HGS BioScience and Monterey Mushrooms.
After 26 years in Geneva, Switzerland, the decision to move has been made after visitor and exhibitor feedback, as well as growth plans for the Vitafoods brand. Vitafoods Europe 2025 will be held on 20-22 May 2025 at Fira Barcelona, with more details to be announced next year.
The traditional symbol of family reunion and cultural pastry of Asia is undergoing a reinvention. With the majority of young consumers in Asia expressing an increasing interest in healthier options, a growing market for mooncakes tailored to dietary preferences and restrictions is opening up across the globe.
