{"id":2834,"date":"2014-04-25T15:40:00","date_gmt":"2014-04-25T13:40:00","guid":{"rendered":"https:\/\/www.ldc.com\/us\/press-releases\/louis-dreyfus-commodities-continues-organizational-transformation-and-launches-search-for-new-ceo\/"},"modified":"2023-05-11T11:57:55","modified_gmt":"2023-05-11T09:57:55","slug":"louis-dreyfus-commodities-continues-organizational-transformation-and-launches-search-for-new-ceo","status":"publish","type":"press-release","link":"https:\/\/www.ldc.com\/us\/en\/press-releases\/louis-dreyfus-commodities-continues-organizational-transformation-and-launches-search-for-new-ceo\/","title":{"rendered":"Louis Dreyfus Commodities Continues Organizational Transformation and Launches Search for New CEO"},"content":{"rendered":"\n

ROTTERDAM, THE NETHERLANDS,<\/strong> 25 April 2014 \u2013 Louis Dreyfus Commodities today announced that it is continuing the transition in its management structure started back in June 2013, when Ciro Echesortu was appointed Chief Executive Officer and took over leadership of the transition project.<\/p>\n\n\n\n

The Supervisory Board of Louis Dreyfus Commodities Holdings, now recomposed following the recent addition of three new members, is launching the search for a successor to the CEO.<\/p>\n\n\n\n

\u201cOne year ago, we agreed with Ciro Echesortu to begin a transition under his leadership, aiming to adapt our strategy and accelerate the Group\u2019s transformation, in order to reinforce our leading position in the industry,\u201d said Margarita Louis-Dreyfus, Chairperson of Louis Dreyfus Holding. \u201cThanks to our solid performance in 2013, the conditions are now right to implement a longer-term solution and the Supervisory Board has therefore initiated an active search process for the new CEO. Ciro has asked to step back from his current role and will  focus on reinforcing and adapting the company\u2019s strategy through the next stage of the transition period. Ciro has been instrumental in our success for many years, and I would like to thank him for this great achievement and for having supported the evolution of our management structure in the past year very effectively.\u201d<\/p>\n\n\n\n

Claude Ehlinger, Chief Financial Officer of Louis Dreyfus Commodities and Non-Executive Chairman of the Board of Biosev, has been appointed interim Chief Executive Officer of the Louis Dreyfus Commodities Group, effective June 1st, 2014. Mr. Ehlinger\u2019s tenure as CEO will continue until a successor has been identified and appointed, at which point he will resume his existing responsibilities.<\/p>\n\n\n\n

Ciro Echesortu will remain with the company in an advisory capacity as Head of Strategy, focusing on strategic commercial matters and supporting Claude Ehlinger on specific portfolio risk management as he transitions into his additional role.<\/p>\n\n\n\n

\u201cI know we can count on Claude\u2019s extensive expertise, integrity and intimate knowledge of the Group in the interim, as well as on the support and contributions of both Ciro and the Board,\u201d added Margarita Louis-Dreyfus.<\/p>\n\n\n\n

\u201cIt has been an honor and a pleasure to lead Louis Dreyfus Commodities through an important transition in its management and governance functions over the past year. Claude is well placed to take over where I left off, ensuring the continuation of the process,\u201d said Mr. Echesortu.
\u201cLouis Dreyfus Commodities has a strong and unique business model which has enabled our company to grow so successfully. In the constantly changing business environment of the global market, we are reinforcing our organizational structure by combining it with new technical knowledge and on-going improvements in the way we do business. We are on our way to attaining the leaner, more agile organizational model that we aspire to, and there has been significant progress already. We will pursue the same course, which I am confident will ensure we remain competitive and able to meet future challenges effectively,\u201d said Mr. Ehlinger.<\/p>\n\n\n\n

Claude Ehlinger joined the Group in 2007 after serving three years as Chief Financial Officer at Eutelsat. Prior to this he was Chief Financial Officer of Cap Gemini\u2019s Central and Southern European operations, Chief Financial Officer of CCMX and Group Managing Director of Finacor, a large brokerage company in Europe. He began his career in 1985 at Thomson Group. He is a graduate of the French business school HEC.<\/p>\n","protected":false},"excerpt":{"rendered":"

ROTTERDAM, THE NETHERLANDS, 25 April 2014 \u2013 Louis Dreyfus Commodities today announced that it is continuing the transition in its management structure started back in June 2013, when Ciro Echesortu was appointed Chief Executive Officer and took over leadership of the transition project. The Supervisory Board of Louis Dreyfus Commodities Holdings, now recomposed following the recent […]<\/p>\n","protected":false},"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,20,32],"tags":[],"class_list":["post-2834","press-release","type-press-release","status-publish","format-standard","hentry","category-business-and-finance","category-holdings-bv","category-hr-announcement"],"acf":[],"yoast_head":"\nLouis Dreyfus Commodities Continues Organizational Transformation and Launches Search for New CEO || Louis Dreyfus Company<\/title>\n<meta name=\"description\" content=\"5 April 2014 \u2013 LDC announces it is continuing the transition in management structure that started when Ciro Echesortu was appointed Chief Executive Officer.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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