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Crops, Reuters

Constellation tightens grip on Canopy with CEO appointment

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Reuters — Constellation Brands finance head David Klein will take over in January as CEO of pot producer Canopy Growth Corp., hardening up the Corona beer maker’s control of a company into which it has sunk US$4 billion. Klein was appointed Canopy chairman in October after Constellation booked a $430 million net loss related to […] Read more
Crops

Grain Farmers of Ontario seeking new CEO

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Ontario’s biggest ag commodity organization is on the hunt for a new CEO as its first chief prepares to exit. Barry Senft announced Tuesday he will step down as CEO of Grain Farmers of Ontario in April 2020, a post he’s held since the 2009 merger of the province’s corn, soy and wheat grower groups […] Read more
Crops, Reuters

Weed leader Canopy Growth ousts co-CEO

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Corrected, Aug. 27, 2019 — Reuters — Canopy Growth Corp. fired founder and co-CEO Bruce Linton, a surprise move that comes just a week after the Canadian cannabis producer’s largest shareholder expressed disappointment over its loss-making streak. The world’s largest pot company announced earlier in the day that Linton was stepping down, leaving Mark Zekulin […] Read more
Crops, Markets, Reuters

Bunge moves from regional to global operating model

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Chicago | Reuters — U.S. agricultural commodities trader Bunge on Wednesday overhauled its global operations and named a new chief financial officer in the latest shake-up for the 200-year-old company hard hit by a years-long grain market downturn. The moves come as Bunge reported a stronger-than-expected first-quarter profit due to higher soy crush margins in […] Read more
Crops, Reuters

Bunge names acting chief as new CEO

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Reuters — Global grains trader Bunge on Thursday named Gregory Heckman as its chief executive officer, three months after he took the helm in an interim capacity. Heckman, a founding partner of private investment firm Flatwater Partners and the former chief executive of grains trader Gavilon Group, was appointed acting CEO in January after long-serving […] Read more
Crops, Markets, Reuters

Bunge names acting CEO, cuts 2018 guidance

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Reuters — Global grains trader Bunge appointed one of a slew of new board members as its acting CEO on Tuesday and cut its 2018 earnings forecast as the U.S.-China trade war battered soybean prices and devalued the company’s inventory in Brazil. Gregory Heckman, a founding partner of private investment firm Flatwater Partners and former […] Read more
Crops, Reuters

Bunge CEO Schroder to step down amid investor pressure

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Reuters — Bunge CEO Soren Schroder is stepping down after five years at the helm of the global agribusiness, following months of pressure from shareholders to shake up the company amid a prolonged grain market slump. The management change is the latest event to rattle the two-century-old commodities trader after a stretch of particularly weak […] Read more

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending January 17, 2020.

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