Bunge announces organizational and leadership team changes

As part of its ongoing Competitiveness Program, Bunge Limited (NYSE: BG) recently announced organizational and leadership changes designed to streamline its operating model, further leverage its global scale and increase its focus on customers and growth.

In simplifying its structure from five operating companies to three regions - North America, South America and Europe/Asia - Bunge announced the following executive leadership appointments, effective January 1, 2018:

• Todd Bastean - President - North America.
• Pierre Mauger - President - Europe and Asia.
• Raul Padilla - President - South America and Sugar & Bioenergy.

All three executives will report to Soren Schroder, CEO of Bunge Limited.

The three operating regions will be supported by centralized global corporate functions, including Finance, HR, IT and Legal. Global heads of Agribusiness, Food & Ingredients and Sugar & Bioenergy business segments will lead strategy, value chain maximization, cross regional customer relationships and risk management. The following executives remain members of the Company's Executive Committee:

• Thomas Boehlert, Executive Vice President and Chief Financial Officer.
• Deborah Borg, Executive Vice President and Chief HR and Communications Officer.
• Gordon Hardie, President, Food & Ingredients.
• David Kabbes, Executive Vice President Corporate Affairs and Chief Legal Officer.
• Brian Thomsen, President, Agribusiness.

Soren Schroder said, "This new structure allows us to leverage our scale while remaining close to customers and local market opportunities. The proven executives who will lead our regions and segments will work together with our global functional leaders to achieve the objectives of the Competitiveness Program, including removing operational complexity, reducing costs, and maximizing shareholder value."