World Grain - March 2013 - 14

newsreview
New CEO named for Bunge
WHITE PLAINS, NEW YORK, U.S. — Bunge Limited announced on Feb. 7 that Alberto Weisser will retire as chief executive ofﬁcer (CEO) effective June 1. The board of directors has appointed Soren Schroder, currently CEO of Bunge North America,
to succeed Weisser as CEO of the company, and expects Schroder to become a director before June 1. The board also appointed
Weisser as executive chairman, serving until Dec. 31.
“Alberto has guided Bunge through one of the most signiﬁcant and successful eras in its nearly 200-year history,” said L.
Patrick Lupo, deputy chairman and lead independent director,
Bunge Limited. “Under his leadership, Bunge became a public
company and grew from a regional operation to a global player, active in over 40 countries and with leading positions in key
products and markets. Most importantly, however, Alberto helped
instill the culture and approach that form the foundation of the
company, and developed the talented team that is responsible for
its success.”
Weisser joined Bunge in 1993 as chief ﬁnancial ofﬁcer. He
was appointed CEO in January 1999 and chairman in July 1999.
Bunge listed its shares on the New York Stock Exchange in August 2001. Since its listing, the company’s enterprise value has
increased over 5.5 times, its stock price has increased by nearly
500% and total shareholder returns have averaged 16.4% per year.
“Soren is a proven leader and has been instrumental to Bunge’s

growth and success since he joined the company in 2000,” said Weisser. “He helped build
our global agribusiness marketing and trading
operation, developed our agribusiness franchise in Europe and the Middle East, and as
CEO of Bunge North America since 2010, has
managed our complete value chain, including
agribusiness, edible oils and milling, in a key
region. In addition to an excellent track record
Schroder
as a commercial and operational manager,
Soren possesses unparalleled industry expertise, market insight
and understanding of our customers’ needs. He lives and breathes
this business, having spent his entire professional life in the agribusiness and food sector. His appointment is the culmination of a
thoughtful and deliberate succession planning process.”
As CEO of Bunge North America, Schroder leads Bunge’s
business operations in the U.S., Canada and Mexico. Since joining Bunge, he has served in a variety of agribusiness leadership
roles at the company, including as protein director, Bunge Global
Markets, based in White Plains, New York; managing director,
Europe for Bunge Global Markets; and vice-president, agribusiness for Bunge Europe. Prior to joining Bunge, he worked for
over 15 years at Continental Grain and Cargill, in positions in
Europe and North America.

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World Grain - March 2013

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