Bunge Limited Appoints Pedro Parente as President and CEO, Bunge Brazil

Jan 07, 2010, 05:00 ET from Bunge Limited

WHITE PLAINS, N.Y., Jan. 7 /PRNewswire-FirstCall/ -- Bunge Limited (NYSE: BG) today announced the appointment of Pedro Parente to the newly created position of President and CEO, Bunge Brazil, effective January 11, 2010. In his new role, Mr. Parente will lead all of Bunge's businesses in Brazil, and will report to Alberto Weisser, Chairman and CEO, Bunge Limited.

"Pedro brings to Bunge a track record of success in the private and public sectors," stated Mr. Weisser. "His expertise and deep insight into both business operations and the public policies that shape them make him the right person to lead Bunge's Brazilian businesses, which have grown larger and more diverse in recent years. I am confident that under his leadership Bunge will be even better positioned to contribute to and share in Brazil's growth."

Until December 2009, Mr. Parente served as Chief Operating Officer, Grupo RBS (RBS), a leading Brazilian multimedia company. As COO, he was responsible for managing all operations of the company, which owns 18 TV stations, eight newspapers and 25 radio stations.

Prior to joining RBS, Mr. Parente held a variety of high-level posts in the public sector. He served as Chief of Staff, Minister of Planning and Deputy Minister of Finance during the administration of Brazilian President Fernando Henrique Cardoso. Mr. Parente has also served as a consultant to the International Monetary Fund and has worked at the Brazilian Central Bank and Banco do Brasil. He is a former Chairman of the Board of Petrobras and Banco do Brasil. He holds a degree in electrical engineering from the University of Brasília, and is a fellow at the George Washington University Center of Latin American Studies.

Mario Barbosa will continue to manage Bunge's fertilizer operations in Brazil, and Sergio Waldrich will continue to manage its agribusiness, food products and sugar & bioenergy operations. Both will report to Mr. Parente.

Weisser continued: "We look forward to integrating further Bunge's Brazilian businesses, so they can produce the best services for our domestic and international customers with the greatest efficiency. Market conditions demand this. In addition to their management responsibilities, Mario and Sergio will work closely with Pedro to create the optimal linkages among Bunge Fertilizantes, Bunge Alimentos and our growing sugar and bioenergy business."

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 25,000 employees in over 30 countries enhance lives by improving the global agribusiness and food production chain. The company supplies fertilizer to farmers; originates, transports and processes oilseeds, grains and other agricultural commodities; 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; 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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