Global grains trader Bunge Ltd, which has been under pressure from activist investors, said on Monday Chief Executive Officer Soren Schroder would step down.
Schroder, who served as CEO since 2013, will continue in his current role until a successor is named, the company said in a statement.
Investors D.E. Shaw and Continental Grain have urged Bunge to expand its board, following which the company appointed the CEO of agrichemicals company Syngenta to its board.
The company has been grappling with low crop prices and the trade war that has slashed U.S. crop exports to China. Bunge was also the target of failed takeover bids rivals Archer Daniels Midland Co and commodities trader Glencore.
The grains trader also appointed Kathleen Hyle, who has served on the company’s board since 2012, as chairman, effective immediately. Hyle will be part of the search committee created to appoint a new CEO.
By Shanti S Nair
Source: Reuters
Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.
The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.
Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.
