Alberto Weisser to Retire as Bunge Executive Board Chairman; L. Patrick Lupo to Succeed
Date Posted: December 6, 2013
White Plains, NY—Bunge Limited (NYSE: BG) announced Dec. 6 that Alberto Weisser will resign from its Board of Directors effective December 31, 2013, concurrent with his planned retirement as executive chairman.
Mr. Weisser has served as executive chairman since June 2013, and previously served as chairman and CEO since 1999.
The Board has appointed L. Patrick Lupo to succeed Mr. Weisser as non-executive chairman, effective January 1, 2014.
Mr. Lupo has been a member of Bunge's Board since 2006 and currently serves as deputy chairman and lead independent director, as well as chairman of the Compensation Committee.
He is the former chairman and CEO of DHL Worldwide Express.
"Alberto successfully led Bunge through a period of transformation and expansion," said Mr. Lupo.
"During his tenure, the company established a network of well-placed assets, built leading market positions in agribusiness and food and ingredients, and developed a talented team.
"The foundation he put in place has opened up numerous possibilities for Bunge and will serve as a springboard for future success.
"The Board joins me in thanking Alberto for his outstanding contributions and in wishing him the very best in the future."
"It has been an honor to lead Bunge," said Mr. Weisser.
"We accomplished a lot in the 20 years since I joined the company, and as it approaches its 200th year of operations, the future holds even greater potential."
For more information, call 914-684-3246.