Adecoagro Appoints new Chief Financial Officer

Rhea-AI Summary

Adecoagro S.A. (NYSE: AGRO) announced the appointment of Emilio Federico Gnecco as Chief Financial Officer, effective February 8, 2023. He succeeds Carlos Alberto Boero Hughes, who is moving on to new opportunities. Gnecco has been with Adecoagro since 2005 as Chief Legal Officer, managing corporate legal matters and compliance. The CEO, Mariano Bosch, expressed confidence in Gnecco's capabilities, citing his extensive experience and knowledge of the company's operations. Adecoagro operates in South America, managing 219.8 thousand hectares of farmland and producing over 2.8 million tons of agricultural products.

Positive

• Emilio Gnecco brings over two decades of experience, enhancing financial management.
• Gnecco's prior role as Chief Legal Officer provides valuable insight into the company's operations.

Negative

• Transition may lead to temporary disruptions in financial oversight due to management change.

LUXEMBOURG, Feb. 9, 2023 /PRNewswire/ -- Adecoagro S.A. (the "Company") (NYSE: AGRO), a leading sustainable production company in South America, announced the appointment of Emilio Federico Gnecco as Chief Financial Officer of the Company. Mr. Gnecco's appointment became effective as of February 8, 2023, and he succeeds Mr. Carlos Alberto Boero Hughes, who has decided to take on new personal and professional endeavors.

Mr. Gnecco has held the position of Chief Legal Officer of the Company since 2005. In that capacity, he has been responsible for the Company's corporate legal matters and compliance and overseeing the Company's financing structures. Earlier in his career, he worked as a corporate associate at law firm Marval, O'Farrell & Mairal for more than eight years, where he specialized in mergers and acquisitions, project financing, structured finance, corporate financing, private equity, joint ventures, corporate law and business contracts in general.

"We are privileged to have a deep bench of talented leaders at Adecoagro. Emilio has been instrumental in the oversight of the Company's management over the years. His knowledge of the Company's businesses and more than two decades of related experience will support the continued execution of our financial priorities as we continue to capitalize on long-term growth opportunities," said Mariano Bosch, Chief Executive Officer of the Company.

The Board of Directors and Senior Management would like to thank the departing Chief Financial Officer, Mr. Boero Hughes, for all his valuable time, service and support throughout the years. Mr. Boero Hughes has been part of the management team of the Company since 2008. "We remain grateful for his contributions to Adecoagro, S.A. and his commitment to our employees, our shareholders and our values for so many years. We wish him the very best in his new ventures," Mr. Bosch said.

About Adecoagro:

Adecoagro is a leading sustainable production company in South America. Adecoagro owns 219.8 thousand hectares of farmland and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces over 2.8 million tons of agricultural products and over 1 million MWh of bioelectricity, among others

For questions please contact:

Victoria Cabello 
IR Manager 
Email: ir@adecoagro.com
Tel: +54 (11) 4836-8651

View original content:https://www.prnewswire.com/news-releases/adecoagro-appoints-new-chief-financial-officer-301743505.html

SOURCE Adecoagro S.A.

FAQ

What is the recent leadership change at Adecoagro (AGRO)?

Emilio Federico Gnecco has been appointed as the new Chief Financial Officer effective February 8, 2023, succeeding Carlos Alberto Boero Hughes.

Why did Carlos Alberto Boero Hughes leave Adecoagro?

He decided to pursue new personal and professional endeavors.

How will Emilio Gnecco's appointment impact Adecoagro's financial strategy?

Gnecco's extensive experience in legal and corporate finance is expected to support the execution of financial priorities and long-term growth opportunities.