ROTTERDAM, THE NETHERLANDS, 25 September 2013 – The Supervisory Board of Louis Dreyfus Commodities Holdings B.V. on the recommendation of Margarita Louis-Dreyfus has appointed Serge Schoen as its new Chairman, effective immediately.
Margarita Louis-Dreyfus,who has held this position previously, has decided to refocus on her functions as Chairperson of the Supervisory Board of the parent company, Louis Dreyfus Holding, and as Deputy Chairperson of the Supervisory Board of Louis Dreyfus Commodities Holdings B.V. Serge Schoen will assume his new function in the Louis Dreyfus Group notably in relation to key strategic matters.
Mr Schoen served as CEO of Louis Dreyfus Commodities from 2006 to June 2013, and has remained a member of the Supervisory Board of Louis Dreyfus Commodities Holdings B.V.
“Over the next few years, the commodities industry is expected to undergo significant transformation. Our company is constantly working on adapting its strategic positioning to the new challenges, in order to keep growing and continue to deliver extraordinary results” commented Margarita Louis-Dreyfus, Chairperson of the Supervisory Board of Louis Dreyfus Holding. “Serge has made very valuable contributions to Louis Dreyfus Commodities as its CEO over the years, and was a natural choice for the appointment to this position, which will enable him to concentrate on the strategic decisions connected to the long-term future of our company. Serge will also work with me on reinforcing corporate governance and optimizing the company’s business model, in order to guarantee the effectiveness and prosperity of the Louis Dreyfus Group”.