Changes afoot for Bunge Brazil
Jan. 21, 2014
by Eric Schroeder
WHITE PLAINS, N.Y. — Several changes are in store for the Brazilian operations of White Plains-based Bunge Ltd.
Pedro Parente, president and chief executive officer of Bunge Brazil, announced his retirement, effective June 30. 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, c.e.o. of Bunge Ltd. “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.
Last week, Bunge announced the closing of a soybean processing plant in Passo Fundo/RS, Brazil. The move is expected to affect about 40 employees.
“In conducting all of its investments, the company continually analyzes the best strategies, considers market conditions as well as the economic factors that influence the business environment,” Bunge said. “Some of these factors have impacted the soybean crushing activities in our country, favoring the sale of grain at the expense of processing products such as oil and meal.”
Bunge said the decision to close the plant will not affect the other activities of the company in Passo Fundo. It will continue to operate its other facilities in the city, including a grain storage silo and commercial, administrative and logistic activities.