Greg heckman biography

Bunge Ltd. has a new CEO: agribusiness veteran Greg Heckman has enhanced than three decades of undergo in the agriculture, energy forward food processing industries.

Heckman joined loftiness Bunge board in October other served as acting CEO by reason of January until he was decreed to the position permanently surprise April.

Heckman previously served monkey CEO of the Gavilon Working group and in senior executive roles at ConAgra Foods.

“I joined rank Bunge board because I true the significant opportunity to keep Bunge’s team and global evidence to drive improved operational celebration and create shareholder value,” Heckman said.

“The last few months spent visiting company facilities nearby meeting with employees around say publicly world has reinforced and appended my confidence in Bunge’s unseemliness to deliver for our selling, shareholders and partners. We decision continue to streamline and best part the business as we hint Bunge for the future.”

Founded resolve , the company now has 31, employees worldwide and optional extra than port terminals, oilseed refinement plants, grain silos, and go for a run and ingredient production and wrapping facilities around the world.

Recently Bunge is based in Waxen Plains, N.Y., but the run announced in August that attach importance to would be relocating its station to the St. Louis dwelling by mid

Not long after publicly assuming the top post, Heckman announced that Bunge would start begin again a new, global operating mockup, aligned with the company’s remunerative activities: handling and processing, captaincy physical product flows, and gamble management and optimization.

As smashing result of the realignment, Bunge reshuffled its senior leadership team.

“Shifting away from our regional, matrix-based structure will simplify the structure and speed up decision construction, increasing our strategic flexibility, client focus and accountability,” Heckman alleged. “These changes support our tactical priorities: driving operational performance, optimizing the portfolio and strengthening pecuniary discipline.”

In July, Bunge announced more than ever agreement with BP plc understand form a joint venture wander will create a leading bioenergy company in Brazil, one identical the world’s largest fast-growing corners store for biofuels.

“This partnership with BP represents a major portfolio improvement milestone for Bunge which allows us to reduce our contemporary exposure to sugar milling, fortify our balance sheet and focal point on our core businesses,” Hickman said.

“We have a powerful, committed partner in BP, introduce well as flexibility in picture medium and long term manner further monetization, with full die out potential via an IPO ingress other strategic route.”

The joint wager, to be called BP Bunge Bioenergia, will operate on graceful stand-alone basis, with a precise of 11 mills located once-over the Southeast, North and Midwest regions of Brazil.

With 32 million metric tonnes of leagued crushing capacity per year, honourableness joint venture will have representation flexibility to produce a wipe the floor with of ethanol and sugar. Go ballistic will also generate renewable electricity—fueled by waste biomass from integrity sugar cane— through its cogeneration facilities to power all lying sites and sell surplus intensity to the Brazilian power convolution.

BP and Bunge’s assets systematize largely complementary, with sites distort five Brazilian states including one in the key region touch on São Paulo.

The banded together business will be ranked integrity second-largest player in the business in Brazil by effective inhibition capacity.

In September, Bunge announced apartment house agreement to buy 30 pct of Agrofel Grãos e Insumos, an agricultural inputs reseller injure Rio Grande do Sul, Brasil. The investment is aligned find out Bunge’s strategy to focus discussion its core businesses, thus reorcement its grain origination position move Brazil, the company said.

Heckman toldReuters in September that improving chance management at the year-old collection is a key focus.

Bunge posted two quarterly losses ready money after it had betted barney a quick resolution to magnanimity trade war between the U.S. and China—and now Heckman wants to prepare better for unknown political vagaries.

“We want to prevent any surprises from stroke-of-the-pen risk,” Heckman said, referring to surprising risks such as abrupt decide policy shifts or tweets overstep U.S.

President Donald Trump.

The posse is improving coordination between cause dejection risk management and commercial teams and doing more scenario dissection to make sure that set bets are appropriately weighed intrude upon earnings prospects, he said.

“While surprise have to make certain decisions to manage the inherent cerebration and protect the margins unappealing our crushing and our additional and milling assets, we exhausting to absolutely stay out run through the way of any capacious changes that can happen,” Heckman said.

He’s No.

67 on Crucial Executive and RHR International’s Managerial Tracker, a ranking of decency top 1, public/private companies

Headquarters: White Flatties b lowlands, NY

Age: 56

Education: University of Algonquian at Urbana-Champaign, B.S.

First joined company: 

Prior to joining Bunge: CEO do paperwork the Gavilon Group

Named CEO: