Louis Dreyfus Seeks New CEO Before Possible IPO or Sale
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Louis Dreyfus Commodities BV is seeking a replacement for Chief Executive Officer Ciro Echesortu as part of a reorganization by the largest raw-cotton trader to prepare for any future initial public offering or stake sale.
Chief Financial Officer Claude Ehlinger will be interim CEO from June 1 and Echesortu, who took over in June 2013 to oversee the management changes, will be head of strategy, the Rotterdam-based food and agricultural company said today in a statement.