Bunge announced that its CEO Soren Schroder will step down. The next is has not been determined yet when the step down was announced. The Board has established a search committee to identify the company’s next CEO.

 

Bunge, a leading company in agriculture, food and ingredients, announced that its Chief Executive Officer Soren Schroder will step down. To ensure a smooth leadership transition, Mr. Schroder, who has served as CEO since 2013, will continue in his current role until a successor is named. The Board has established a search committee to identify the company’s next CEO. In addition, Kathleen Hyle, who has served on Bunge’s Board of Directors since 2012, will become Chair of the Board, effective immediately. L. Patrick Lupo, who has served on Bunge’s Board since 2006 and in the role of Chairman since 2014, will remain a board member. Ms. Hyle will serve on the CEO search committee, along with board members Paul Fribourg, J. Erik Fyrwald and Mark Zenuk. “It has been an honor to serve as Bunge’s CEO,” said Soren Schroder. “We are making solid progress, and it is the right time to turn over the leadership reins. The company has a strong legacy and an exciting future ahead.” Mr. Schroder, 57, joined Bunge in 2000 and has held a variety of agribusiness leadership roles, including CEO of Bunge North America. His tenure has included a significant strengthening of Bunge’s core activities in agribusiness and growth in food and ingredients, notably with the recent acquisition of Loders Croklaan.