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Bunge appoints chief growth, strategy officer Robert Coviello has been promoted to executive vice-president and chief growth and strategy officer at Bunge, effective Jan. 1, 2019. He will drive the development of Bunge’s strategic plans, working alongside the executive committee to evaluate strategic alternatives and ensure Bunge’s strategy aligns with new trends in the global agribusiness and food industry. «Our industry faces countless opportunities Mr. Robert Coviello for growth, and Rob’s appointment to
this role will advance our efforts to build on our strengths and further capitalize on these opportunities» Soren Schroder, Bunge Ceo, said. Coviello joined the company in 2003, prior to Bunge, he held trading roles at Cargill in the Us.
New European rules to protect agrifood companies
In Canada Viterra acquires Saskatchewan grain terminal
The European Parliament, the Council and the Commission reached a political agreement on a new set of rules that will ensure protection of 100% of Eu producers and a large majority of Eu agrifood companies against practices contrary to good faith and fair dealing. The new rules will cover retailers, food processors, wholesalers, cooperatives or producers’ organizations, or a single producer who would be engaging in any of the unfair trade practices identified. The unfair trading practices to be banned include: late payments for perishable food products; last minute order cancellations; unilateral or retroactive changes to contracts; forcing the supplier to pay for wasted products and refusing written contracts.
Viterra completed its asset purchase agreement with Gardiner Dam Terminal to purchase its 50% interest in the grain handling facility at Strongfield, Saskatchewan, Canada. As a result of this transaction, Viterra has assumed full ownership of the facility. «We’re excited to be strengthening our presence in central Saskatchewan, and look forward to providing local customers with the high level of service they expect from a grain industry leader like Viterra», said Kyle Jeworski, Viterra’s president and chief executive officer for North America.
ADM modernizes Oklahoma mill ADM Milling is one of the largest milling companies in the world with facilities in the United States, Canada, the Caribbean, Central America and the United Kingdom. In Enid, Oklahoma, Us, ADM Milling bought a mill in 1993. This 18,000-cwt-capacity plant recently underwent a major modernization that included installing state-of-the-art milling and conveying equipment as well as an automated plant control system. «Customers want to make sure they are getting the very best» John Dick, commercial manager of the Enid mill, said. «That’s what this plant is all about. It’s about putting in the newest, best technology and using it to better serve our customers. It means faster service and the highest quality. That’s why we added a single, highly automated, state-of-the-art milling unit that will efficiently meet existing customers’ needs and give us the capacity to pursue other customers».
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January / March 2019