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WSJ: Bunge on the verge of replacing CEO Schroder

Published 12/07/2018, 05:19 PM
© Reuters.  WSJ: Bunge on the verge of replacing CEO Schroder
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  • Bunge (NYSE:BG) is expected to announce the departure of CEO Soren Schroder in the coming days, amid investor pressure prompted by the company's flagging performance, WSJ reports.
  • BG’s board also might replace Chairman L. Patrick Lupo, according to the report.
  • The leadership changes could open the door to a possible sale of the company, which recently has been the subject of takeover approaches by Glencore (LON:GLEN) and Archer Daniels Midland.
  • The decision to replace Schroder comes more than a month after BG struck an agreement with activist investors to remake its board and consider ways to boost its stock, which has lost more than 15% over the past year.
  • Now read: Ethanol Falls To A Record Low


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