WHITE PLAINS, NEW YORK, U.S. — Bunge Limited announced on April 9 the appointment of Todd Bastean as chief executive officer (CEO), Bunge North America, effective June 1.

Bastean, currently chief financial officer, Bunge North America, succeeds Soren Schroder, who will become CEO of Bunge Limited on the same date. Schroder will assume the role of CEO from Alberto Weisser, who earlier this year announced his retirement after 15 years leading the company.

“Todd has been instrumental to Bunge North America’s growth and success for nearly 20 years,” said Weisser, chairman and CEO, Bunge Limited. “He knows our North American business inside and out, having served as CFO, as a manager of key operations and in a variety of functional roles. I am confident that Todd will be an effective leader of this important part of Bunge’s business and a valuable member of the company's global management team."

Bastean started his career at Bunge in 1994 and became CFO of Bunge North America in 2010. Before assuming that role he served as vice president and general manager of the operating company's milling and biofuels business units, and as vice-president and chief administrative officer of its grain and milling business units. He also has positions in strategic planning and auditing. Prior to joining Bunge he worked for KPMG Peat Marwick.