USA – The American agricultural and food trading company, Bunge Limited has named Brian Zachman as President of Global Risk Management, effective January 14, 2019.
With the role that would possibly include managing an array of counterparty risks for efficiency, Zachman will report to the CEO of Bunge Limited and serve on the executive leadership committee.
According to the company statement, Zachman, 47, has held portfolio management positions focused on agricultural commodity derivatives since 2012, most recently with Millennium Limited Partners.
Zachman previously worked at Bunge from 1999 to 2012, serving in a number of commercial and trading roles within Agribusiness.
Prior to that, he held various commercial and merchant roles with Cargill and ConAgra.
Mr. Zachman holds a Bachelor of Arts in Economics from the University of Minnesota-Duluth and will be based in White Plains, New York.
“Brian is an experienced risk manager with extensive knowledge of the agricultural commodity value chain, including handling, transportation, processing and distribution of oilseeds, oilseed products and grains,” said Kathleen Hyle, Bunge Board Chair.
“His proven leadership and record of delivering risk-adjusted returns will further strengthen Bunge’s risk management capability, which is a key priority for the company.”
Bunge recently announced that its Chief Executive Officer Soren Schroder will step down after almost a two-decade journey at the company.
The company also appointed Kathleen Hyle, who has served on Bunge’s Board of Directors since 2012, as Chair of the Board.
Last November, Bunge named Robert Coviello as the company’s new executive vice-president and chief growth and strategy officer, reporting to CEO Soren Schroder.
Also, J. Erik Fyrwald, Chief Executive Officer of Syngenta joined the company Board of Directors to tap on his extensive expertise in agriculture, technology and innovation.