Bunge announces following management appointments, both effective May 1: Raul Padilla as CEO of Bunge Brazil, Brian Thomsen as Managing Director, Bunge Global Agribusiness and CEO, Bunge Product Lines
WHITE PLAINS, New York
March 19, 2014
– Bunge Limited (NYSE: BG), a global agribusiness and food company, today announced the following management appointments, both effective May 1:
Raul Padilla, currently Managing Director, Bunge Global Agribusiness and CEO, Bunge Product Lines, will become CEO, Bunge Brazil, based in Sao Paulo.
Brian Thomsen, currently Managing Director, Grains & Oilseeds Product Lines, will succeed Mr. Padilla as Managing Director, Bunge Global Agribusiness and CEO, Bunge Product Lines. He will be based in Geneva.
"As head of global agribusiness and, previously, our Argentine operations, Raul has led critical parts of Bunge's business to record results," stated Soren Schroder, CEO, Bunge Limited. "I am pleased that he will apply his unparalleled operational and commercial expertise in Brazil, which is Bunge's largest country of operation and a vital part of our global value chains."
Mr. Padilla joined Bunge in 1997 after a 20-year commercial career in Argentina and Switzerland. He served as CEO, Bunge Argentina from 1999 to 2010, when he assumed his current position. As CEO, Bunge Brazil, he replaces Pedro Parente, who announced his retirement earlier this year.
Mr. Schroder continued: "Brian has been an outstanding head of our grain and oilseed product lines, and brings to his new position a 26-year track record of commercial success in the agribusiness industry. I am confident that his strategic thinking and deep understanding of trade flows and customers will enable him to lead our global agribusiness operations to new heights."
Mr. Thomsen joined Bunge in 2004 as Marketing Director, International Grains. He has also served as Product Line Director, Grains. Prior to Bunge, he worked in a variety of commercial and management roles at Cargill and Nidera.
About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 35,000 employees. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America. Founded in 1818, the company is headquartered in White Plains, New York.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains both historical and forward-looking statements. All statements, other than statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are not based on historical facts, but rather reflect our current expectations and projections about our future results, performance, prospects and opportunities. We have tried to identify these forward-looking statements by using words including "may," "will," "should," "could," "expect," "anticipate," "believe," "plan," "intend," "estimate," "continue" and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The following important factors, among others, could affect our business and financial performance: industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products used in our business; fluctuations in energy and freight costs and competitive developments in our industries; the effects of weather conditions and the outbreak of crop and animal disease on our business; global and regional agricultural, economic, financial and commodities market, political, social and health conditions; the outcome of pending regulatory and legal proceedings; our ability to complete, integrate and benefit from acquisitions, dispositions, joint ventures and strategic alliances, including the transactions discussed in this press release; our ability to achieve the efficiencies, savings and other benefits anticipated from our cost reduction, margin improvement and other business optimization initiatives; changes in government policies, laws and regulations affecting our business, including agricultural and trade policies, tax regulations and biofuels legislation; and other factors affecting our business generally. The forward-looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.
SOURCE Bunge Limited
Investor: Mark Haden, Bunge Limited, 914-684-3398, firstname.lastname@example.org; or Media: Susan Burns, Bunge Limited, 914-684-3246, email@example.com