Louis Dreyfus CFO steps down

by World Grain Staff
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Louis Dreyfus Commodities
Sandrine Téran
ROTTERDAM, NETHERLANDS — Louis Dreyfus Company B.V. (LDC) announced on June 23 that Sandrine Téran, group chief financial officer (CFO), will leave her role effective at the end of the month. Federico Cerisoli, currently CFO for LDC’s Europe, Middle East and Africa region, has been named Interim Group CFO.

Téran will remain with the group as corporate advisor on finance matters over the coming months. She joined the group in 2008, holding several roles since then, such as an executive director of Louis Dreyfus Holding, as group corporate secretary and group head of tax for Louis Dreyfus Company. Prior to joining the group, she worked at Eutelsat as head of tax, corporate finance & internal audit from 2000-08. Before that, she was head of tax at Euro Disney, and previously tax and insurance manager at Ipsen Pharmaceuticals Group. 

Cerisoli will begin as interim CFO effective July 1, pending a more lasting appointment. He joined LDC in 2008 and served in various regional and divisional CFO positions before his appointment to his present role as CFO for the Europe, Middle East and Africa region. Prior to joining LDC, he worked for over 17 years in finance and business development at commodity trading companies in Argentina, Brazil and the U.S.

The company has had several changes in management, including a new chief executive officer (CEO) named in 2015 following a 17-month search, and changes to the supervisory board this May.

Serge Schoen stepped down from the CEO position in 2013 to assume the executive chairmanship of Louis Dreyfus Commodities. When Gonzalo Ramírez Martiarena was hired as CEO in October 2015, Margarita Louis-Dreyfus was appointed non-executive chairperson of the supervisory board. 

In May, Schoen was no longer a member of the supervisory board, which includes five members: Louis-Dreyfus (non-executive chairperson), Jean-René Angeloglou, Michel Demaré, Mehdi El Glaoui and Dr. Jörg Wolle.

“We would like to thank Sandrine for her service to date and we are pleased that she will continue to contribute her experience and know how in her new corporate capacity, while ensuring a smooth hand over,” said Ramírez Martiarena. “As we continue to evolve and refine our strategic vision and roadmap, we are launching a thorough and structured search for a successor to the CFO role, which is crucial in the pursuit of our ambitions and plans, and in the execution of our long-term business transformation. I am confident that Federico will effectively and successfully coordinate our diverse Finance activities during the transition.”
 
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