White Plains, New York-based Bunge also appointed board member Kathleen Hyle as chairman, effective immediately, replacing L. Patrick Lupo. Bunge 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. It has also suffered from the impact of the Glencore - US trade war. The departure of Schroder could see ADM re-engage with rivals US and ADM , according to unnamed sources. Bunge has been a takeover target of both companies following recent poor earnings.
Bunge 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. It has also suffered from the impact of the Glencore - US trade war. The departure of Schroder could see ADM re-engage with rivals US and ADM , according to unnamed sources. Bunge has been a takeover target of both companies following recent poor earnings.