Bunge Limited Announces Management Changes
Mr. Burke and Mr. Padilla will assume their new roles, effective July 1. Mr. Gwathmey will assist with the management transition until his official retirement at the end of the year.
3 Jun 2010 --- Bunge Limited announced the following changes to its management team:
* Archie Gwathmey, co-CEO, Bunge Global Agribusiness (BGA) and Bunge Product Lines (BPL), will retire after a successful 35-year career at the company;
* Drew Burke, currently co-CEO, BGA and BPL, will assume the newly created role of Bunge Limited Global Operational Excellence Officer and will be responsible for optimizing the company's efficiency and return on assets;
* Raul Padilla, currently CEO, Bunge Argentina, will become CEO, BGA and BPL. He will be based in Bunge's headquarters in White Plains, New York.
Mr. Burke and Mr. Padilla will assume their new roles, effective July 1. Mr. Gwathmey will assist with the management transition until his official retirement at the end of the year.
Alberto Weisser, Chairman and CEO, stated: "During his career at Bunge, Archie has held nearly every position one can in our agribusiness operations and made significant contributions in each. His leadership has been instrumental in Bunge's success and its transformation from a regional company into a global leader. We congratulate Archie on his accomplishments and wish him all the best.
"One of the pillars of Bunge's corporate strategy is a focus on operational excellence, and the creation of the position of Global Operational Excellence Officer will enable us to drive greater efficiency and enhanced execution throughout our organization. Based on his experience at BGA and his success managing productivity and quality efforts within Bunge, Drew is the right person to lead this effort.
"Archie and Drew leave a successful business in skilled hands. Raul brings to his new role nearly 20 years of experience in agribusiness at Bunge and a track record of accomplishment. As head of Bunge Argentina, he has overseen the company's growth in one of our most important markets."
