Bunge Limited Announces Management Appointments
November 10, 2009 - White Plains, NY - Bunge Limited (NYSE: BG) today announced two management appointments that will become effective January 1, 2010.
Carl Hausmann, CEO, Bunge North America, will assume the newly created role of Managing Director, Global Government and Corporate Affairs. In this capacity, Mr. Hausmann will coordinate Bunge's government affairs, corporate sustainability and community relations on a global level.
"Government relations and corporate sustainability grow more important to our business every day, and I am pleased that Carl will be able to apply his commitment and deep industry expertise to these functions on a global level," stated Alberto Weisser, Chairman and CEO, Bunge Limited. "He brings a strong track record of results at Bunge and over 30 years of experience in agribusiness and food to this essential role."
Mr. Hausmann has served as CEO of Bunge North America since 2004. Prior to that, he served as CEO of Bunge Europe and CEO of Cereol S.A. before its acquisition by Bunge in 2002. He started his agribusiness career at Continental Grain, where he served in leadership roles in North America, South America, Africa and Europe.
Soren Schroder, Vice President, Agribusiness for Bunge Europe, will become CEO of Bunge North America. Mr. Schroder will lead all of Bunge's business operations in the United States, Canada and Mexico.
"Soren has played an instrumental role in building Bunge's agribusiness operations in Europe and globally," Weisser continued. "His global perspective and proven leadership skills will enable him to make valuable contributions to Bunge in his new role and grow one of our largest and most important businesses."
Mr. Schroder joined Bunge in 2000, and has served in agribusiness leadership roles in the U.S. and Europe. Prior to joining Bunge, he worked for over 15 years at Continental Grain and Cargill.
Both Mr. Hausmann and Mr. Schroder will report to Chairman and CEO Alberto Weisser.
About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company founded in 1818 and headquartered in White Plains, New York. Bunge's over 25,000 employees in over 30 countries enhance lives by improving the global agribusiness and food production chain. The company supplies fertilizer to farmers in South America, originates, transports and processes oilseeds, grains and other agricultural commodities worldwide, produces food products for commercial customers and consumers and supplies raw materials and services to the biofuels industry.
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, including the closing of the transaction discussed in this press release; 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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