Mercuria Agricultural Head Perkins Exits Trading CompanyAndy Hoffman and Chanyaporn Chanjaroen
Mercuria Energy Group Ltd.’s Andrew Perkins left the commodity trader less than 1 1/2 years after taking over as head of the agriculture team.
Perkins, who was based in Singapore, left “recently,” company spokesman Benoit Lioud said today by telephone, without giving a reason for his departure. Charles Taylor, who joined Mercuria from Barclays Plc last year, is now running the agricultural team from Singapore.
Mercuria is expanding beyond crude oil and related products to diversify sales and expand profit margins. Non-oil trading, which includes natural gas, metals and agricultural products, now accounts for about half of revenue, according to the Larnaca, Cyprus-based company.
“Mercuria remains committed to developing our agricultural business,” Lioud said. The unit trades grains, oilseeds and other farm products.
Perkins, who previously headed Morgan Stanley’s agriculture team and also worked at Cargill Inc., joined Mercuria in May 2012. Four calls to his mobile phone went unanswered.