Louis Dreyfus appointed Michael Gelchie as Chief Operating Officer

Louis Dreyfus Company B.V. (LDC) announced the appointment of Michael Gelchie as Chief Operating Officer (COO) of the Group, with immediate effect. Michael will join LDC’s Senior Leadership Team, the company adds.

In this position, Michael Gelchie will replace Andrea Maserati.

“I take this opportunity to thank Andrea for his big contribution to the company over the past 8 years, and wish him all the best for the future,” said Margarita Louis-Dreyfus, Chairperson of the Supervisory Board of LDC.

LDC also appointed Nigel Mamalis Global Head of Risk & Compliance. Nigel has held various senior executive roles since joining the Group in 1988 and will now contribute his long business and company experience to LDC’s key management team.

Margarita Louis-Dreyfus also announced that Michel Demaré, a member of LDC’s Board since April 2014, had been appointed Deputy Chairman of the Board.

“These measures will allow us to streamline our organization in order to be able to better focus on the current challenges of our industry," Ms. Louis-Dreyfus commented. "Michael Gelchie will bring us not only long-standing experience as a member of the LDC leadership team, but also an important “outside-in” view that will help us to adjust better the company’s operations to current market conditions and the opportunities of the future. I am also delighted to welcome on board Nigel Mamalis. His extensive experience in risk management and compliance will be an important asset for our company. I also wish to thank Michel Demaré for his long-standing commitment and support to the LDC Board and to our company, and I look forward to working even more closely with him in the future.”

Previously reported that the European Bank for Reconstruction and Development (EBRD) provided up to USD 35 mln for Louis Dreyfus Company (LDC). The funds will be used to acquire up to 1,000 grain-hopper railcars, which will significantly facilitate grain-handling logistics for the company.