World Grain -- December 2013 - 16

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Walter Klein, longtime head of Bunge Corp., dies
NEW YORK, NEW YORK, U.S. - Walter C. Klein, retired president and chief executive officer of Bunge Corp., died Oct. 28 at the
age of 95.
Klein led the North American business of Bunge Group (what is
now Bunge Ltd.) for three decades, assuming the top role at the company in 1959.
During the time he led the company, Bunge diversified business
from its grain exporting roots into a soybean processor, dry corn
miller and a major producer of shortenings and oils as well as a producer and marketer of other products for bakers, food processors and
restaurants. Additionally, he was involved in the expansion of Bunge
Group into Asia.
The breadth of change effected by Klein was summarized in a
2001 interview with his son John E. Klein, who headed Bunge North
America for 18 years after his father's retirement in 1985.
"I took over a little more than 15 years ago from my father and
his great effort in creating something that wasn't there before,"
Klein said. "He took a trading house and really industrialized
the company."
Even as Bunge broadened its U.S. activities, the export business was an area of focus through the career of Walter C. Klein.
The U.S. mid-South was an area of growth with Bunge establishing a network of grain and oilseed elevators between St. Louis,
Missouri, U.S., and the Gulf of Mexico during Klein's tenure.

Also constructed while he was in charge of Bunge was the
company's Destrehan export elevator in the port of New Orleans,
Louisiana, U.S.
In a 1985 interview with World Grain's sister publication, Milling & Baking News, Klein spoke of the importance of restoring
the United States to its leadership position in grain exports rather
than the role of residual supplier to which the United States had
been relegated.
An advocate for free trade, he also emphasized the importance of
"fair trade" in his pragmatic support for what would become known
as the Export Enhancement Program.
"Exports have to be revived, and the only way we can revive exports is to sell at the world market price," he said.
Born in New York, Klein's parents moved to Vienna, Austria
for a period of time when he was a teenager, and he attended high
school there. Klein entered Harvard College in 1936, graduating in
three years.
He held positions with Swift & Co. in Chicago, Illinois, U.S.,
and Argentina before joining Bunge in 1947. Most of his career was
spent with Bunge in New York.
Klein was preceeded in death in 1991 by his first wife Mary Kennard Eddy Klein and by a son, Walter (Terry) Klein Jr. He is survived
by his second wife Virgilia Pancoast Klein and children, Margaret K.
Klein and John E. Klein and three grandchildren.

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World Grain -- December 2013

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