Bunge Announces Appointment of Pierre Mauger as Chief Development and Performance Management Officer
WHITE PLAINS, N.Y., March 13, 2013 /PRNewswire/ -- Bunge Limited (NYSE: BG) today announced the appointment of Pierre Mauger to the newly created position of chief development and performance management officer. In this role, Mr. Mauger will lead Bunge's global business development activities, including M&A, strategic planning and capital allocation, as well as the company's performance management and analysis processes. In addition to these responsibilities, Mr. Mauger will oversee Bunge's global innovation function. He will join Bunge effective April 1 and report to the CEO.
"Pierre brings to Bunge's global management team a combination of strengths – strategy development expertise, highly systematic thinking and deep insights into agribusiness, food and consumer packaged goods – and new and informed perspectives," stated Alberto Weisser, chairman and CEO, Bunge Limited. "He will work in partnership with our segment and operating company leaders to continuously improve the processes and systems we use to manage and build our businesses."
Mr. Mauger is currently a partner at McKinsey & Company, where since 2009 he has led the agriculture service line in Europe, the Middle East and Africa. In this role, he oversees client relationships with leading global companies in the commodity processing and trading, agrochemicals and fertilizer sectors, as well as with governments. Previously, he served as a partner in the firm's consumer goods practice. He joined McKinsey as an associate in 2000. Before that he worked as an auditor at Nestle and KPMG. He holds an M.B.A. from INSEAD and a B.Sc. in Economics and Business Finance from Brunel University in the United Kingdom.
"The opportunities for well-positioned global companies in the agribusiness and food markets are compelling," stated Mauger. "Bunge has a great track record and the right capabilities to succeed in the future. I look forward to contributing to the company, and to being part of its talented, entrepreneurial team."
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.
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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 transactions 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.
SOURCE Bunge Limited