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Bunge reshuffles organisational structure in cost savings programme

November 22, 2017

Global agribusiness and food firm Bunge has announced an organisational and leadership reshuffle as part of its ongoing US$250M competitiveness programme to improve its market standing.

, Bunge reshuffles organisational structure in cost savings programme

Global agribusiness and food firm Bunge has announced an organisational and leadership reshuffle as part of its ongoing US$250M competitiveness programme to improve its market standing.

The company would simplify its structure by turning its current five operating companies into three regional operations – North America, South America and Europe/Asia, Bunge said in a 15 November statement.

The operating regions would be supported by centralised global corporate functions, including finance, HR, IT and legal, while global head of agribusiness, food and ingredients and sugar and bioenergy business segments would lead strategy, value chain maximisation, cross-region customer relationships and risk management.

The three regional operations would be led by Todd Bastean in North America, Pierre Mauger in Europe/Asia and Rail Padilla in South America.

“This new structure allows us to leverage our scale while remaining close to customers and local market opportunities. The proven executives who will lead our regions and segments will work together with our global functional leaders to achieve the objectives of the competitiveness programme, including removing operational complexity, reducing costs and maximising shareholder value,” said Bunge CEO Soren Schroder.

Bunge announced its competitiveness programme in July after facing a tough market situation and falling profits due to the several bumper crops seen in global agriculture in the past couple of years.


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