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Crop Giants Feel the Heat Amid an ‘Explosion’ of C-Suite Shuffling

  • Bunge, Dreyfus, Gavilon have all replaced top leadership
  • Agriculture markets underperform most rival asset classes
Corn stands in a field outside Tiskilwa, Illinois.

Photographer: Daniel Acker/Bloomberg

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The world’s largest agriculture bosses are feeling the heat as beleaguered markets are ratcheting up investor pressure and forcing top management changes.

Bunge Ltd., the “B” of the four storied “ABCD” group of companies that dominate agriculture trading, is the latest to succumb. On Wednesday, the firm named a new chief financial officer less than six months after it announced its chief executive officer was stepping down. Gavilon Group, a U.S. trader owned by Japan’s Marubeni Corp., replaced its CEO just over a month ago, while Louis Dreyfus Co. -- the “D” -- made C-suite executive changes last year.