Marubeni Trading Unit Gavilon Replaces CEO Amid Commodity Slump

  • Lewis Batchelder to succeed Jim Anderson; COO also departs
  • Marubeni bought U.S. grain trader in 2013 in largest ever deal

Gavilon LLC, the U.S.-based grain merchant owned by Marubeni Corp., named Lewis Batchelder as chief executive officer to replace Jim Anderson, the latest management shakeup at a major trading company amid a rout in commodities markets.

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