Bunge Limited Announces Management Transition at Bunge North America
WHITE PLAINS, N.Y., April 9, 2013
WHITE PLAINS, N.Y., April 9, 2013 /PRNewswire/ --Bunge Limited (NYSE: BG), a
global agribusiness and food company, today announced the appointment of Todd
Bastean to the position of CEO, Bunge North America, effective June 1. Mr.
Bastean, currently CFO, Bunge North America, succeeds Soren Schroder, who will
become CEO of Bunge Limited on the same date. Mr. Schroder will assume the
role of CEO from Alberto Weisser, who earlier this year announced his
retirement after 15 years leading the company.
"Todd has been instrumental to Bunge North America's growth and success for
nearly 20 years," stated Alberto Weisser, Chairman and CEO, Bunge Limited. "He
knows our North American business inside and out, having served as CFO, as a
manager of key operations and in a variety of functional roles. I am confident
that Todd will be an effective leader of this important part of Bunge's
business and a valuable member of the company's global management team."
Mr. Bastean started his career at Bunge in 1994 and became CFO of Bunge North
America in 2010. Before assuming that role he served as vice president &
general manager of the operating company's milling and biofuels business
units, and as vice president and chief administrative officer of its grain and
milling business units. He also held positions in strategic planning and
auditing. Prior to joining Bunge he worked for KPMG Peat Marwick. Mr. Bastean
holds a B.S. degree in accounting from Western Illinois University.
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.
SOURCE Bunge Limited
Contact: Investor, Mark Haden, Bunge Limited, 914-684-3398,
email@example.com, or Media, Susan Burns, Bunge Limited, 914-684-3246,
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