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PARIS, Nov 18 (Reuters) – Louis Dreyfus Company (LDC) AKIRAU.UL on Monday appointed its head of espresso Michael Gelchie as its new chief working officer within the newest administration reshuffle on the family-held agricultural commodity group.
Gelchie will tackle the COO position with rapid impact, changing Andrea Maserati, who’s leaving the agency, LDC stated in an announcement.
LDC is without doubt one of the so-called “ABCD” quartet of worldwide grain buying and selling giants, alongside Archer Daniels Midland ADM.N, Bunge BG.N and Cargill CARG.UL..
Like its friends, LDC has reorganised its operations lately in response to falling margins in buying and selling staple crops like cereals and oilseeds.
It has additionally been by an acrimonious exit of minority household shareholders during which Margarita Louis-Dreyfus took close to whole management of the group’s holding construction.
After reporting improved…