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(Dave Bedard photo)
Crops, Markets

Bunge moves from regional to global operating model

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Chicago | Reuters — U.S. agricultural commodities trader Bunge on Wednesday overhauled its global operations and named a new chief financial officer in the latest shake-up for the 200-year-old company hard hit by a years-long grain market downturn. The moves come as Bunge reported a stronger-than-expected first-quarter profit due to higher soy crush margins in […] Read more
Bayer CEO Werner Baumann speaks during the company’s annual general shareholders’ meeting in Bonn, Germany on April 26, 2019. (Photo: Reuters/Wolfgang Rattay)
Crops

Investors call for reprieve for Bayer bosses after AGM rebuke

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Frankfurt | Reuters — Three of Bayer’s largest German investors said the drugmaker’s embattled management needed to stay at the helm to avoid further upheaval, despite their unease over a share price slump in the wake of the US$63 billion Monsanto takeover. The backing for CEO Werner Baumann comes after an unprecedented rebuke at the […] Read more
A Bunge port facility in Vietnam. (Bunge.com)
Crops

Bunge names acting chief as new CEO

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Reuters — Global grains trader Bunge on Thursday named Gregory Heckman as its chief executive officer, three months after he took the helm in an interim capacity. Heckman, a founding partner of private investment firm Flatwater Partners and the former chief executive of grains trader Gavilon Group, was appointed acting CEO in January after long-serving […] Read more
(Dave Bedard photo)
Crops, Markets

Bunge names acting CEO, cuts 2018 guidance

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Reuters — Global grains trader Bunge appointed one of a slew of new board members as its acting CEO on Tuesday and cut its 2018 earnings forecast as the U.S.-China trade war battered soybean prices and devalued the company’s inventory in Brazil. Gregory Heckman, a founding partner of private investment firm Flatwater Partners and former […] Read more
(Dave Bedard photo)
Crops

Bunge CEO Schroder to step down amid investor pressure

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Reuters — Bunge CEO Soren Schroder is stepping down after five years at the helm of the global agribusiness, following months of pressure from shareholders to shake up the company amid a prolonged grain market slump. The management change is the latest event to rattle the two-century-old commodities trader after a stretch of particularly weak […] Read more
(Dave Bedard photo)
Crops

Bunge reportedly ready to replace CEO

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Reuters — Bunge Ltd. is preparing to replace its CEO Soren Schroder as the global grains trader faces investor pressure, the Wall Street Journal reported on Friday, citing sources. The company is expected to announce the CEO’s departure in the coming days, the report said, citing people familiar with the matter. The grains trader was […] Read more
Luc Jobin. (CN.ca)
Crops, Machinery

CN CEO Luc Jobin steps down abruptly

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Reuters — Canadian National Railway (CN) CEO Luc Jobin stepped down abruptly on Monday, as the board looks to “energize” the railroad’s leadership amid a major supply crunch that has hurt profits and angered customers. “The board believes the company needs a leader who will energize the team, realize CN’s corporate vision and take the […] Read more
(CSX.com)
Crops, Machinery

Railway CEO Hunter Harrison, 73

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New York | Reuters –– CSX Corp. CEO Hunter Harrison has died, the U.S. freight railway operator said on Saturday, just a few days after announcing that the veteran rail executive it hired earlier this year to boost its profits had taken a medical leave of absence. Harrison, 73, died “due to unexpectedly severe complications […] Read more
Luc Jobin. (CN.ca)
Crops, Machinery

CN promotes CFO as CEO resigns

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Canadian National Railway’s (CN) chief financial officer Luc Jobin will become its chief executive on July 1, as incumbent CEO Claude Mongeau steps down for health reasons. Mongeau announced Tuesday he will resign as CN’s CEO at the end of June, after leading the railway company for six and a half years. “I was filled […] Read more

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