- About us
- IBJ Awards
- Free Sample
- Contact us
Bunge announces changes to board of directors
(Posted on 31/03/23)
Bunge Limited has announced that Kathleen Hyle, non-executive chairperson of the Board of Directors, and Erik Fyrwald, director, have informed the Company that they do not intend to seek re-election to their Board positions when their current terms expire on 11 May, 2023, the date of the 2023 Annual General Meeting of Shareholders. The Board intends to appoint Mark Zenuk, director, as non-executive chairperson, subject to his re-election to the Board at the AGM. In addition, Bunge announced the Board intends to nominate Monica McGurk and David Fransen to the Company’s slate of director nominees during its 2023 AGM.
Hyle commented, “I have been honoured to have served on the Board for the past decade and am proud of the work we have done to position the Company for future success. We have approved a number of key transactions, improved stakeholder engagement and increased the diversity of the Board. With Mark’s experience in agribusiness, energy and private equity, I am confident the Company will be in good hands for the next phase of growth. I would also like to thank Erik for his valuable service and significant contributions to the Board.”
Zenuk has served on the Board since 2018 and serves as chairperson of the Enterprise Risk Management Committee and is a member of the Audit Committee. He has served as Managing Partner at Tillridge Global Agribusiness Partners, an agribusiness private equity firm, since 2016. Prior to Tillridge, he was a Managing Director at NGP Energy Capital Management where he led the firm’s agribusiness investment platform. He began his career working with some of the leading agribusiness firms, rising to serve in executive leadership roles both domestically and internationally.
McGurk currently serves as the Chief Executive Officer of Tropicana and Mainstream Brands at Tropicana Brands Group, a position she has held since September 2022. Previously, she served as the Chief Global Growth Officer at Kellogg Company from 2019 to 2022 and the Chief Global Revenue and eCommerce Officer from 2018 to 2019. Prior to working at Kellogg Company, she worked at Tyson Foods and The Coca-Cola Company where she held various leadership positions in strategy and digital media. She is currently a non-executive director of the privately held company, Pivot Bio. If elected by shareholders, McGurk would serve on the Enterprise Risk Management Committee and Corporate Governance and Nominations Committee.
Fransen was Chairman and non-executive director of Vitol S.A., Geneva, from 2017 until his retirement in 2020. Prior to that, he worked at Vitol Group from 1986 to 2017 serving as a director of various Vitol Group companies and holding roles of increasing responsibility, including leading the global gasoline trading group; heading the Bermuda office; Group Head of Information Technology; Chief Operations Officer; and member of the Executive Committee. Early in his career, he worked at British Petroleum PLC in marketing and planning and as a trader. Fransen was a founding member of the Swiss Trading and Shipping Association, serving as President for six years. He is also a former non-executive director of Greenfields Petroleum Corporation. If elected by shareholders, Fransen would serve on the Enterprise Risk Management Committee and Human Resources and Compensation Committee.
Zenuk commented, “I appreciate the Board’s confidence in nominating me as Chair and am committed to building on what the Board has achieved under Kathi’s outstanding leadership. We are also pleased to nominate Monica and David as directors and look forward to adding their expertise and perspectives to Bunge’s Board. Monica’s deep experience with consumer packaged goods and food processing companies and David’s knowledge of the energy and commodities industries, will be invaluable as we continue innovating to better connect farmers to consumers to deliver essential food, feed and fuel to the world.”
U.S. Borax first open pit mine to transition to renewable diesel(Posted on 05/06/23)
Rio Tinto has successfully completed the full transition of its heavy machinery from fossil diesel to... Read more
Rio Tinto to invest in Pilbara desalination plant(Posted on 02/06/23)
Rio Tinto plans to invest US$395 million1 in a seawater desalination plant in the Pilbara, Western Australia... Read more
BHP and Microsoft use AI to lift Escondida copper recovery(Posted on 31/05/23)
A new collaboration between BHP and Microsoft has used artificial intelligence and machine learning... Read more
Alliance to support U.S. farmers in transition to lower-carbon agriculture(Posted on 23/05/23)
Bunge and Nutrien Ag Solutions, the retail division of Nutrien Ltd. have announced a strategic alliance... Read more
Vale ships its first cargo of briquettes for blast furnace test(Posted on 17/05/23)
Vale has concluded the shipment of its first cargo of iron ore briquettes to be tested in a blast furnace... Read more
UK agri welcomes government decision to drop retained EU law plans(Posted on 12/05/23)
The UK Government's decision to abandon plans to review all EU-derived legislation by the end of 2023... Read more
USA’s NGFA supports proposal to remove ‘Soybeans of Other Colors’(Posted on 08/05/23)
The USA’s National Grain and Feed Association (NGFA) and 42 other agricultural groups have expressed... Read more
BHP completes OZ Minerals acquisition(Posted on 02/05/23)
BHP has announced the completion of the OZ Minerals acquisition and implementation of the scheme of... Read more
ADM Milling project maps carbon emissions in wheat supply chain(Posted on 02/05/23)
ADM, global leader in nutrition, and one of the leading flour millers in the UK, has for the first time... Read more
US Soy growers ask House Ag Committee to help protect crop insurance(Posted on 28/04/23)
Speaking on behalf of the American Soybean Association and his fellow soy growers, ASA President Daryl... Read more