August 30, 2017 / 12:05 PM / a year ago

UPDATE 1-Louis Dreyfus shakes up management after head of grains quits

(Adds details, background)

PARIS, Aug 30 (Reuters) - Louis Dreyfus Company said on Wednesday it had appointed Adrian Isman to head its Grains and Value Chain Platforms, replacing David Ohayon who has resigned.

Isman will retain his existing responsibilities as Head of North America, the company said in a statement.

Murilo Parada was appointed as Head of the Juice Platform at global level, replacing Isman, in addition to his current role as Head of the North Latin America Region, Louis Dreyfus said.

David Ohayon, who had been with Louis Dreyfus since 1990, has left the company with several other members of the European grains trading team, trade sources said on Tuesday.

Until June this year Ohayon had combined his role of head of grains and value chain with the position of head of the Europe, Middle East and Africa region. But he then had to hand the EMEA region leadership to Pedro Nonay Vela, head of oilseeds in the region.

Altogether Isman has worked for Louis Dreyfus for 28 years, having first joined as a grains and oilseeds trader in Argentina in 1985 and moving back to the group in 2001 in Brazil after a stint with Marc Rich, according to the company website.

Parada joined Louis Dreyfus as a trainee in 2001. He initially worked in the cotton sector in Brazil before moving to the juice sector, which he will now lead at global level.

“The changes announced today are part of ongoing organizational plans for LDC’s platforms, based on its long-term strategy, and will further reinforce the company’s efforts as it progresses effectively towards its ambitious goals,” the company said.

Dreyfus is part of the so-called ABCD quartet of global agricultural traders along with Archer Daniels Midland, Bunge and Cargill.

The trading giants have seen their margins crimped by large crop inventories, low prices and limited volatility, triggering restructuring efforts.

Louis Dreyfus reported a second year of falling core profits in 2016 but expected a revamp in operations would help its results this year. (Reporting by Sybille de La Hamaide, Sudip Kar Gupta and Valerie Parent; Editing by Bate Felix, Greg Mahlich)

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