CHICAGO: Bunge Ltd will announce as soon as today the departure of its chief executive officer, removing a hurdle to further talks with would-be buyers, said a person familiar with the matter.
The imminent exit of CEO Soren Schroder, who had resisted approaches by suitors including Glencore Plc, comes little more than a month after the agricultural trading house reached an agreement with activist investors seeking to improve performance, the person said, asking not to be named ahead of an announcement. Bunge declined to comment.
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