World Grain -- December 2015 - (Page 19)

NEWSREVIEW Cargill makes executive leadership changes 0,11($32/,60,11(627$86²'DYH0DF/HQQDQ&DUJLOO FKDLUPDQDQGFKLHIH[HFXWLYHRI¿FHUDQQRXQFHGRQ1RYDQHZH[HFXWLYHOHDGHUVKLSWHDPIRU&DUJLOOJOREDOO\GHVLJQHGWRVWUHDPOLQHDQG simplify the company's operations. The previous two-tiered executive leadership structure will be replaced by a single executive team unGHU0DF/HQQDQFRPSULVLQJOHDGHUVRIWKH¿YHPDMRUEXVLQHVVJURXSV (ag supply chain, animal nutrition, animal protein, food ingredients, DQGHQHUJ\WUDQVSRUWDWLRQDQGPHWDOV DQGIRXUIXQFWLRQV ¿QDQFHKXman resources, business services, and business operations and supply chain). The executive team will be responsible for the overall strategic direction for the company and the performance of their business sectors. The changes became effective Dec. 1, 2015. "Like any dynamic organization, we are continually reviewing all aspects of our business, including our leadership structure, to ensure that we are well positioned to effectively lead the company's growth DQGSHUIRUPDQFH´0DF/HQQDQVDLG³7KHUHKDYHEHHQDORWRIFKDQJHV LQ WKH  \HDUV VLQFH &DUJLOO ZDV IRXQGHG DQG ZH KDYH DOZD\V evolved to anticipate market conditions and the needs of the customers we serve. This change is aimed at simplifying our leadership structure and increasing the speed of decision making." 6HSDUDWHO\ 3DXO &RQZD\ DQG (PHU\ .RHQLJ YLFHFKDLUPHQ KDYH FRQ¿UPHGWKHLUSODQQHGUHWLUHPHQWVIURP&DUJLOO%RWKKDYHEHHQDFWLYH in the discussions around the composition of the new executive team and DUHVWURQJVXSSRUWHUVRIWKHGLUHFWLRQ&RQZD\DQG.RHQLJDUHUHWLULQJ DIWHUORQJDQGVXFFHVVIXOFDUHHUVDW&DUJLOO&RQZD\ZLOOUHWLUHHIIHFWLYH 'HFDIWHU\HDUVDQG.RHQLJRQ)HEDIWHU\HDUV Glencore agricultural production up BAAR, SWITZERLAND - Glencore Plc reported on Nov. 4 that its total agricultural production increased 3% to 8.5 million tonnes year to date. The company is considering the sell down of its agricultural unit in an attempt to reduce its $30 billion debt. Glencore has begun the process to sell a minority stake in the agricultural unit that could value the whole division at as much as $12 billion. In the Agricultural unit, oilseed crush volumes of 4.4 million tonnes LQFUHDVHGE\WRQQHVUHÀHFWLQJDFTXLVLWLRQRIWKH0DJGHEXUJ plant in Germany and higher processing at Timbues in Argentina. 6R\EHDQ FUXVK PDUJLQV LQ$UJHQWLQD KDYH EHQH¿WHG IURP WKH ODUJH FURS 8NUDLQLDQ PDUJLQV ZHUH ZHDNHU DV QHZO\ LQVWDOOHG crushing capacity led to increased competition for seed. &XUUHQF\ GHYDOXDWLRQ DQG HFRQRPLF VORZGRZQ DGYHUVHO\ LPpacted wheat milling in Brazil, Glencore said. Wheat milling proGXFHGWRQQHVGRZQIURPWRQQHV Rice milling also experienced a decrease in production of 13% WRWRQQHV Sunflower Seeds Processing Plants ■ The demand on high-quality and healthy food is constantly increasing. ■ SCHULE meets this high demand. Sunflower seed oil, conditioned with SCHULE machines and labelled organic quality from environmentally sound production, is very successfully sold in European countries. F. H. SCHULE Mühlenbau GmbH · Dieselstraße 5-9 · D - 21465 Reinbek / Hamburg Phone: +49 40 7 27 71 - 0 · / World Grain / December 2015 For more information, see Page 90. 19

Table of Contents for the Digital Edition of World Grain -- December 2015

World Grain -- December 2015
Table of Contents
From the Editor-in-chief - Milling differs from Warren Buffett
Calendar of Events
Second Oilseed Congress scheduled for Feb. 9-10
News Review - Tiger pulls financial support from Dangote Flour Mills
European Parliament rejects national GMO bans
Olam 3Q operational earnings up
Wilmar’s oilseed, grain segment earnings surge
Ardent Mills stake to stay with ConAgra Brands
Noble Agri reports loss in quarter
The Andersons reports loss on Grain Group decline
IGP Institute names interim associate director
Cargill’s new South Korean feed mill is its largest in the world
ADM opens two plants in China
GSFMO privatizes its flour mills
GrainCorp 2015 earnings down
Tiger Brands year-end earnings offset by international operations
Cargill makes executive leadership changes
Glencore agricultural production up
Grain Market Review - Oilseeds
Country Focus - Spain
Feature - Going from margin to mainstream
Feature - Record Turnout in Dubai
Feature - IAOM takes show to Indonesia
Feature - Indonesia's milling giant may expand
Indonesia in numbers
Feature - An end to the bear market?
Feature - Big turnout expected for IPPE 2016
Feature - Shaping the global feed industry
Feed Operations - Bucket elevator selection and installation tips
Supplier News
Product Showcase
World Grain Archive
Ad Index/Reader Information Form International Faxback Program

World Grain -- December 2015