Miller Magazine Issue: 120 December 2019

40 NEWS MILLER / DECEMBER 2019 Bunge has reorganized its trading business as one of the world’s top agricultural commodity merchants presses ahead with its restructuring plan, Bloomberg reports. Bunge reorganizes trading in latest restructure After cutting jobs in Geneva and offering only about a third its staff in White Plains, New York, relocation to its new headquarters in St. Louis, Bunge has divided its trading busi- ness by product instead of region, said the people, who asked not to be identified because the information is private. The company named new heads of corn and wheat and divided responsibilities for the oilseeds business into three groups. Bunge, the ‘B’ in the storied quartet of crop giants col- lectively known as ABCDs, is responding to shareholder pressure as years of bumper crops curbed margins and reduced the volatility traders need to thrive. Chief Execu- tive Officer Greg Heckman said earlier this year that the company needed to shrink and that he expected most of the restructuring to be completed by mid-2020. Bunge appointed Nicolas Evrad as the new head head of corn, and Alejandro Boquete is leading wheat trading, the people said. Rossano De Angelis is now managing the oilseeds-crushing business in South America and Diego Rasteletti in North America. Diego Fernandes is overse- eing the business at destination, or importing countries including China and Europe, the people said. Bunge dec- lined to comment. Heckman has said he would work to centralize Bunge’s activities, shifting away from its regional structure in order to simplify the company and speed up decision making. Since taking the top job earlier this year, he has already replaced the company’s chief financial officer and brou- ght in a chief risk officer. BLOOMBERG Ardent Mills names 27-year milling veteran Troy Anderson as vice president of operations Ardent Mills, the premier flour-milling and ingredient company, recently named industry veteran Troy Anderson as Vice President of Operations. Anderson served as the Senior Director of Operations since 2014. Previously, he was with Cargill in a variety of roles since 1992. Troy has taken over for Brad Allen, who retired as VP of Operations in May 2019. “We are making significant changes to our leadership team in order to position Ardent Mills to deliver on our strategic growth plan,” said Dan Dye, CEO of Ardent Mills. “Brad was instrumental in building a solid operati- ons team. With his retirement, we wanted to bring in a new leader that understood our past, and also understands our long-term vision. Troy is that person. He is a significant driver in aligning our critical operations structure with the rest of the organization.” Anderson is committed to centering opera- tions on the people-focused pillar of Ardent Mills. He is changing the structure of operati- ons to intentionally align similar mills (in size and configuration) to share best practices and team up for customer success. Anderson rece- ived his Bachelor of Science in Milling Science and Management – Operations from Kansas State University. Troy Anderson