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Bunge Limited Appoints Member to Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Bunge Limited (NYSE: BG) has appointed Eliane Aleixo Lustosa de Andrade to its Board of Directors, effective November 15, 2022. Aleixo Lustosa previously served as Managing Director at the Brazilian Development Bank, overseeing capital markets and the Brazilian Privatization Program. With a Ph.D. in Finance and extensive experience in both public and private sectors, she is expected to provide valuable insights, particularly in agribusiness and sustainability. Aleixo Lustosa will be part of the Sustainability and Corporate Responsibility Committee and the Audit Committee.
Positive
Eliane Aleixo Lustosa brings extensive experience in economics and agribusiness.
Her role on the Sustainability and Corporate Responsibility Committee may enhance Bunge's sustainability initiatives.
Negative
Potential gap in leadership continuity as a new member acclimates.
Concerns regarding the possible inexperience in specific areas relevant to Bunge's operations.
ST. LOUIS--(BUSINESS WIRE)--
Bunge Limited (NYSE: BG) today announced that Eliane Aleixo Lustosa de Andrade has been appointed to its Board of Directors, effective November 15, 2022.
Aleixo Lustosa most recently served as Managing Director at the Brazilian Development Bank (“BNDES”), National Bank for Economic and Social Development, where she was responsible for capital markets and the execution of the Brazilian Privatization Program. Earlier in her career, she was the Chief Financial Officer of LLX Logística S.A. (currently Prumo Logística S.A.), Vice President of Finance and Control of Grupo Abril S.A., Executive Director of Globex Utilidades S.A. and Chief Investment Officer of the Petrobras’ Employee Pension Fund.
Aleixo Lustosa has a Ph.D in Finance and Master’s of Arts and Bachelor of Arts degrees in Economics from Pontifical Catholic University of Rio de Janeiro, Brazil, where she later served as a professor of microeconomics and international relations.
“We welcome Eliane’s broad-based experience in government positions as well as in executive roles in both public and private companies in Brazil,” said Board Chair Kathleen Hyle. “Her expertise in economics, agribusiness, sustainability and logistics will bring valuable insights to Bunge as we connect farmers and consumers to deliver food, feed and fuel to the world in a sustainable way.”
Aleixo Lustosa will serve on the Sustainability and Corporate Responsibility Committee and the Audit Committee.
About Bunge
At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. With more than two centuries of experience, unmatched global scale and deeply rooted relationships, we work to put quality food on the table, increase sustainability where we operate, strengthen global food security, and help communities prosper. As the world’s leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships with farmers to improve the productivity and environmental efficiency of agriculture across our value chains and to bring quality products from where they’re grown to where they’re consumed. At the same time, we collaborate with our customers to create and reimagine the future of food, developing tailored and innovative solutions to meet evolving dietary needs and trends in every part of the world. Our Company is headquartered in St. Louis, Missouri, and we have almost 23,000 dedicated employees working across approximately 300 facilities located in more than 40 countries.
Website Information
We routinely post important information for investors on our website, www.bunge.com, in the “Investors” section. We may use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.
Who is Eliane Aleixo Lustosa and what is her background?
Eliane Aleixo Lustosa is the newly appointed member of Bunge's Board of Directors, with a background that includes serving as Managing Director at the Brazilian Development Bank and a strong academic foundation in Finance.
When did Eliane Aleixo Lustosa join Bunge's Board of Directors?
Eliane Aleixo Lustosa joined Bunge's Board of Directors on November 15, 2022.
What committees will Eliane Aleixo Lustosa serve on at Bunge?
Eliane Aleixo Lustosa will serve on the Sustainability and Corporate Responsibility Committee and the Audit Committee at Bunge.
What expertise does Eliane Aleixo Lustosa bring to Bunge?
Eliane Aleixo Lustosa brings expertise in economics, agribusiness, and sustainability from her previous roles in both public and private sectors.
