WHITE PLAINS, N.Y.,
May 19, 2016 /PRNewswire/ -- Bunge
Limited (NYSE: BG) today announced that Drew Burke, Chief Financial Officer, is retiring
effective December 31, 2016. The
company plans to name a successor before the end of the year, and
is conducting a search that will consider both internal and
external candidates.
"For the past 14 years and in several roles, Drew has made great
contributions to Bunge's growth and success," said Soren Schroder, CEO, Bunge Limited. "As CFO, he has helped create
shareholder value by driving efficient portfolio management,
financial discipline and prudent allocation of capital. His
financial expertise, deep knowledge of the business and strong
leadership have made him a highly valued advisor and member of our
team. We wish him all the best in his retirement."
Mr. Burke said "I'm proud of what we've accomplished as a team
at Bunge over the past 14 years. This was a difficult personal
decision for me, as it's an exciting time for the company. I'll be
staying on until the end of the year to assure a smooth transition,
and am confident that with the strategic plan and talented team we
have, Bunge will capitalize on excellent growth opportunities
ahead."
Mr. Burke was named Chief Financial Officer in February 2011, having served as interim Chief
Financial Officer since September
2010. He joined Bunge in 2002 as Managing Director, Soy
Ingredients and New Business Development. Previously, he was CEO of
the U.S. subsidiary of Degussa AG and worked for Beecham
Pharmaceuticals and Price Waterhouse & Company.
About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global
agribusiness and food company operating in over 40 countries with
approximately 35,000 employees. Bunge buys, sells, stores and
transports oilseeds and grains to serve customers worldwide;
processes oilseeds to make protein meal for animal feed and edible
oil products for commercial customers and consumers; produces sugar
and ethanol from sugarcane; mills wheat, corn and rice to make
ingredients used by food companies; and sells fertilizer in South
America. Founded in 1818, the company is headquartered in
White Plains, New York.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains both historical and forward-looking
statements. All statements, other than statements of historical
fact are, or may be deemed to be, forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are not based on
historical facts, but rather reflect our current expectations and
projections about our future results, performance, prospects and
opportunities. We have tried to identify these forward-looking
statements by using words including "may," "will," "should,"
"could," "expect," "anticipate," "believe," "plan," "intend,"
"estimate," "continue" and similar expressions. These
forward-looking statements are subject to a number of risks,
uncertainties and other factors that could cause our actual
results, performance, prospects or opportunities to differ
materially from those expressed in, or implied by, these
forward-looking statements. The following important factors, among
others, could affect our business and financial performance:
industry conditions, including fluctuations in supply, demand and
prices for agricultural commodities and other raw materials and
products used in our business; fluctuations in energy and freight
costs and competitive developments in our industries; the effects
of weather conditions and the outbreak of crop and animal disease
on our business; global and regional agricultural, economic,
financial and commodities market, political, social and health
conditions; the outcome of pending regulatory and legal
proceedings; our ability to complete, integrate and benefit from
acquisitions, dispositions, joint ventures and strategic alliances;
our ability to achieve the efficiencies, savings and other benefits
anticipated from our cost reduction, margin improvement and other
business optimization initiatives; changes in government policies,
laws and regulations affecting our business, including agricultural
and trade policies, tax regulations and biofuels legislation; and
other factors affecting our business generally. The forward-looking
statements included in this release are made only as of the date of
this release, and except as otherwise required by federal
securities law, we do not have any obligation to publicly update or
revise any forward-looking statements to reflect subsequent events
or circumstances.
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SOURCE Bunge Limited