Soren Schroder is stepping down as CEO of Bunge, following sustained pressure from shareholders. The commodities trader has been hit by a global oversupply of grains that has affected crop prices. She most recently was the head of the audit committee on the company’s board. In an interview with CNBC, Schroeder said he was leaving the company because it had become too big and unwieldy for him to manage. The departure of Schroder could see Bunge re-engage with rivals Glencore and ADM, according to unnamed sources. Bunge has been a takeover target of both companies following recent poor earnings.
Soren Schroder is stepping down as CEO of Bunge, following sustained pressure from shareholders. The commodities trader has been hit by a global oversupply of grains that has affected crop prices. In an interview with CNBC, Schroeder said he was leaving the company because it had become too big and unwieldy for him to manage. The departure of Schroder could see Bunge re-engage with rivals Glencore and ADM, according to unnamed sources. Bunge has been a takeover target of both companies following recent poor earnings.