USA – The American agribusiness and food company, Bunge Ltd has announced that Brian Thomsen, president Agribusiness unit, is retiring and plans to remain with the company through the end of the year for a smooth transition.

Thomsen joined the company in 2004, and has led Bunge’s Agribusiness segment since May 2014, having previously served as managing director of the global Grains and Oilseeds product lines.

Before joining Bunge, Thomsen was managing director of dry commodity trading at Nidera, and held global trading and management roles at Cargill.

He started his career in 1988 at Aarhus Oil, a Danish crush and refining company, and is a graduate of the International Academy of Business in Aarhus, Denmark.

“Brian’s leadership, business knowledge and expertise in risk management have been instrumental to Bunge over the years,” said Soren Schroder, chief executive officer.

“In his role as president of Agribusiness, Brian has built a strong commercial team, enhanced our global value chain integration and strengthened our global footprint of assets through various partnerships around the world.

“We wish Brian all the best in his retirement and thank him for his leadership and contributions to the company.

I have full confidence in our Agribusiness team to execute on the plan and deliver a strong year for Bunge.”

Speaking on his retirement Thomsen said: “This was a personal decision for me, and it has been my honor to have served this organization over the past 14 years.

“I am proud of the team that we have built and all the great work they have done, and will continue to do, to advance Bunge Agribusiness.”

Bunge Limited appointed Mark Zenuk to its board of directors, effective July 17.

Bunge sustained a loss of US$21 million in the second quarter ended, a strong performance from the company’s milling unit offset by weakness in grains and edible oils.