A view of the industrial complex of the Louis Dreyfus Co. in Santa Fe province, Argentina. Photo: eitan abramovich/Agence France-Presse/Getty Images
Louis Dreyfus Co. said Tuesday it has appointed a new chief executive and chief financial officer, marking a return of change at the top for one of the world’s largest commodities traders.
The closely held company has had five CEOs since 2011.
Ian McIntosh will replace Gonzalo Ramirez Martiarena as CEO, after being promoted from the role of chief strategy officer, the company said in a release.
CFO Armand Lumens has left the company “for personal reasons,” and will be replaced by Federico Cerisoli, currently deputy chief financial officer and group controller.
The storied French firm has been through a period of tumult in recent years as a clash between its founding family and its chairman, Margarita Louis-Dreyfus, has spilled into court. Members of the family have now mainly exited from the business that has borne their name for more than 165 years.
Louis Dreyfus was founded in 1851 by Léopold Louis-Dreyfus, a trader who sold French wheat into Switzerland. Its operations now stretch across more than 100 countries, and include grains, freight, coffee, cotton, sugar, rice and fruit juice.
Agricultural commodities traders have also suffered as the prices of sugar, coffee, wheat and other farmed assets have fallen in recent years.
Mr. McIntosh joined Louis Dreyfus in 1986. Mr. Ramirez Martiarena resigned “in order to pursue other opportunities,” the company said.
Write to David Hodari at [email protected]