Bunge Brazil President and CEO to Retire
WHITE PLAINS, N.Y., Jan. 20, 2014
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
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.
SOURCE Bunge Limited
Contact: Investor Contact: Mark Haden, Bunge Limited, 914-684-3398,
firstname.lastname@example.org; Media Contact: Susan Burns, Bunge Limited, 914-684-3246,
Press spacebar to pause and continue. Press esc to stop.