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(Dave Bedard photo)
Crops, Markets

Bunge moves from regional to global operating model

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Chicago | Reuters — U.S. agricultural commodities trader Bunge on Wednesday overhauled its global operations and named a new chief financial officer in the latest shake-up for the 200-year-old company hard hit by a years-long grain market downturn. The moves come as Bunge reported a stronger-than-expected first-quarter profit due to higher soy crush margins in
A Bunge port facility in Vietnam. (Bunge.com)
Crops

Bunge names acting chief as new CEO

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Reuters — Global grains trader Bunge on Thursday named Gregory Heckman as its chief executive officer, three months after he took the helm in an interim capacity. Heckman, a founding partner of private investment firm Flatwater Partners and the former chief executive of grains trader Gavilon Group, was appointed acting CEO in January after long-serving
(Dave Bedard photo)
Crops, Markets

Bunge names acting CEO, cuts 2018 guidance

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Reuters — Global grains trader Bunge appointed one of a slew of new board members as its acting CEO on Tuesday and cut its 2018 earnings forecast as the U.S.-China trade war battered soybean prices and devalued the company’s inventory in Brazil. Gregory Heckman, a founding partner of private investment firm Flatwater Partners and former
(Dave Bedard photo)
Crops

Bunge CEO Schroder to step down amid investor pressure

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Reuters — Bunge CEO Soren Schroder is stepping down after five years at the helm of the global agribusiness, following months of pressure from shareholders to shake up the company amid a prolonged grain market slump. The management change is the latest event to rattle the two-century-old commodities trader after a stretch of particularly weak
(Dave Bedard photo)
Crops

Bunge reportedly ready to replace CEO

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Reuters — Bunge Ltd. is preparing to replace its CEO Soren Schroder as the global grains trader faces investor pressure, the Wall Street Journal reported on Friday, citing sources. The company is expected to announce the CEO’s departure in the coming days, the report said, citing people familiar with the matter. The grains trader was
Luc Jobin. (CN.ca)
Crops

CN CEO Luc Jobin steps down abruptly

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Reuters — Canadian National Railway (CN) CEO Luc Jobin stepped down abruptly on Monday, as the board looks to “energize” the railroad’s leadership amid a major supply crunch that has hurt profits and angered customers. “The board believes the company needs a leader who will energize the team, realize CN’s corporate vision and take the
(CSX.com)
Crops

Railway CEO Hunter Harrison, 73

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New York | Reuters –– CSX Corp. CEO Hunter Harrison has died, the U.S. freight railway operator said on Saturday, just a few days after announcing that the veteran rail executive it hired earlier this year to boost its profits had taken a medical leave of absence. Harrison, 73, died “due to unexpectedly severe complications
Pea processing attracting wide interest
Crops, Pulses

Pea processing attracting wide interest

The Prairies has become a hotbed for ingredient manufacturing based on the crop

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The French company Roquette may have kicked off the pea party when it announced a protein-processing facility at Portage la Prairie earlier this year — but it’s no longer the only guest. In September Academy Award-winning film director James Cameron announced he would be investing in a new multimillion-dollar pea-processing plant in Vanscoy, Sask. As

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