Viterra details new global operating structure
August 9, 2011
by Eric Schroeder
TORONTO — Viterra Inc. has outlined a new global operating structure around three business lines — grain, agri-products and processing — and named senior executives to lead each unit.
Fran Malecha, who had been chief operating officer for all three units, will now focus on the grain business, which includes origination, in-country and port terminal operations, merchandising, logistics and global commodity trading.
Doug Wonnacott has been named c.o.o. of the agri-products group. He will be responsible for Viterra’s global agri-products portfolio, which includes research and development, seed, crop protection products, fertilizer, equipment and wool. Mr. Wonnacott most recently was senior vice-president of the agri-products unit.
Karl Gerrand has been named c.o.o. of Viterra’s processing business, which includes wheat and oat milling, malt, pasta, oilseed crushing and feed manufacturing. Mr. Gerrand was previously senior vice-president of the processing business.
Rob Gordon will remain president of the company’s South East Asia arm and he will report directly to Chief Executive Mayo Schmidt.
Stephen Berger has been named senior vice-president of corporate services, where he will lead a consolidated global services unit that includes human resources, transformation, employee communications, real estate, facilities procurement, engineering and corporate security.
“This leadership team is sharply focused on identifying opportunities to diversify and grow our earnings base and the value that we generate from our interdependent and integrated pipeline,” said Mayo Schmidt, president and chief executive officer. “We seek to balance the contributions from each segment to drive increased returns, while reducing the overall earnings risk within the portfolio. Over the past several months, we as a management team have been challenging ourselves to enhance our model of operational excellence based on our long-standing principles of efficiency, integration, expanding our interests, and value creation for our shareholders. These changes support those principles and will allow Viterra to harvest the internal efficiencies enjoyed by a global organization that operates across various business lines.”