USA- The Bunge Ltd. board of directors plans to have Mark Zenuk as its non-executive chairperson subject to his re-election to the board during the 2023 annual general meeting of shareholders in May.
Zenuk is a managing partner at Tillridge Global Agribusiness Partners since 2016 and a Bunge board director since 2018.
Before Tillridge, he was a managing director at NGP Energy Capital Management; where he led the firm’s agribusiness investment platform.
As a member of the Bunge board, he has served as chairperson of the Enterprise Risk Management Committee and is a member of the Audit Committee.
According to Bunge, Kathleen Hyle, the current non-executive chairperson of the board, and Erik Fyrwald, director, will not seek re-election in May 2023.
“I appreciate the board’s confidence in nominating me as chair and am committed to building on what the board has achieved under Kathi’s outstanding leadership,” Zenuk said.
The board also intends to nominate Monica McGurk and David Fransen to the company’s slate of director nominees to fill the open positions.
“We are also pleased to nominate Monica and David as directors and look forward to adding their expertise and perspectives to Bunge’s board,” Zenuk said.
“Monica’s deep experience with consumer packaged goods and food processing companies, and David’s knowledge of the energy and commodities industries, will be invaluable as we continue innovating to better connect farmers to consumers to deliver essential food, feed, and fuel to the world,” he added.
McGurk has been the CEO of Tropicana and Mainstream Brands at Tropicana Brands Group since September 2022.
Previously, she was the chief global growth officer at Kellogg Co. from 2019 and the chief global revenue and e-commerce officer from 2018 to 2019.
Before Kellogg Co., she worked at Tyson Foods and The Coca-Cola Co., holding various leadership positions in strategy and digital media.
She also serves as a non-executive director of the privately held Pivot Bio.
If elected by shareholders in May, McGurk would serve on the Enterprise Risk Management Committee and Corporate Governance and Nominations Committee.
On the other hand, Fransen was chairman and non-executive director of Vitol SA, Geneva, between 2017 and 2020.
Before that, he worked at Vitol Group from 1986 to 2017 as a director of various Vitol Group companies.
Fransen was a founding member of the Swiss Trading and Shipping Association, serving as president for six years.
He is also a former non-executive director of Greenfields Petroleum Corp, and if elected by shareholders, Fransen would serve on the Enterprise Risk Management Committee and Human Resources and Compensation Committee.
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