Mayo Schmidt opts not to join Louis Dreyfus

by Eric Schroeder
Share This:

ROTTERDAM, THE NETHERLANDS — Mayo Schmidt on Dec. 31 decided not to take the position of chief executive officer of Louis Dreyfus Commodities, six days before he was set to take the helm at the global merchandizer of commodities and processor of agricultural goods. Mr. Schmidt originally agreed to become the company’s new c.e.o. in late November, but following a more detailed analysis of the terms and conditions of their planned employment relationship, Louis Dreyfus Commodities and Mr. Schmidt jointly decided not to proceed with the engagement.

“On behalf of the entire Supervisory Board, I would like to wish Mayo Schmidt much success in his future endeavors,” said Margarita Louis-Dreyfus, chairperson of Louis Dreyfus Holding and deputy chairperson of Louis Dreyfus Commodities Holdings.

The search for the c.e.o. of Louis Dreyfus Commodities will resume immediately. In the meantime, Claude Ehlinger, deputy c.e.o., will continue to ensure the group’s operational leadership.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.

 

 


The views expressed in the comments section of Baking Business News do not reflect those of Baking Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.