Bunge CEO Soren Schroder to step down, Kathleen Hyle named chair of board
Bunge announced that its CEO Soren Schroder will step down. To ensure a smooth leadership transition, Schroder, who has served as CEO since 2013, will continue in his current role until a successor is named. The board has established a search committee to identify the company's next CEO. In addition, Kathleen Hyle, who has served on Bunge's board since 2012, will become Chair of the board, effective immediately. L. Patrick Lupo, who has served on Bunge's Board since 2006 and in the role of chairman since 2014, will remain a board member. Hyle will serve on the CEO search committee. Schroder's tenure has included a strengthening of Bunge's core activities in agribusiness and growth in food and ingredients, notably with the recent acquisition of Loders Croklaan. Schroder has focused on creating a simpler, more efficient organization, establishing a series of global partnerships, building a team and increasing Bunge's focus on customers. Hyle, has served as the head of the Audit Committee for the board for the past five years.