WHITE PLAINS, N.Y., Jan. 20, 2014 /PRNewswire/ -- Bunge Limited (NYSE: BG) today announced that Pedro Parente, president and CEO of its Brazilian operating company, will retire effective June 30, 2014. Mr. Parente, 60, has led Bunge's Brazilian operations since joining the company in January 2010.
"Pedro has made a tremendous, positive impact on Bunge Brazil," said Soren Schroder, CEO, Bunge Limited. "He conducted a comprehensive restructuring of our local operations, built a high-performance leadership team and increased, every year, the combined results of our core agribusiness and food and ingredients businesses. He oversaw the integration of the Moema sugarcane mills into Bunge and the divestiture of our Brazilian fertilizer businesses. Pedro leaves us a strong, streamlined Bunge Brazil, and we wish him all the best."
Bunge expects to name a successor to Mr. Parente in the coming months.
"It has been an honor to lead Bunge Brazil during a period of significant change," said Mr. Parente. "The past four years have been a great culmination to a long career in the public and corporate sectors. I'm proud of what we accomplished, and confident that Bunge will continue to contribute to and share in Brazil's growth, as it has for over 100 years."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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts