Bunge Limited announced that Pedro Parente, president and CEO of its Brazilian operating company, will retire effective June 30. Mr. Parente, 60, has led Bunge's Brazilian operations since joining the company in January 2010.
"Pedro has made a tremendous, positive impact on Bunge Brazil," said Soren Schroder, CEO, Bunge Limited. "He conducted a comprehensive restructuring of our local operations, built a high-performance leadership team and increased, every year, the combined results of our core agribusiness and food and ingredients businesses. He oversaw the integration of the Moema sugarcane mills into Bunge and the divestiture of our Brazilian fertilizer businesses. Pedro leaves us a strong, streamlined Bunge Brazil, and we wish him all the best."
Bunge expects to name a successor to Mr. Parente in the coming months.
"It has been an honor to lead Bunge Brazil during a period of significant change," said Mr. Parente. "The past four years have been a great culmination to a long career in the public and corporate sectors. I'm proud of what we accomplished, and confident that Bunge will continue to contribute to and share in Brazil's growth, as it has for over 100 years."
