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Tuesday 25 September 2018 3:41 pm  |  Updated:  Tuesday 21 May 2019 4:26 pm

Louis Dreyfus announces sudden exit of chief executive and head of finance

By: Jessica Clark

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  Commodities giant Louis Dreyfus has announced the sudden resignation of both its chief executive and head of finance.

Gonzalo Ramirez Martiarena has stepped down after three years as chief executive of the agricultural goods company in order to pursue other opportunities and will be replaced by chief strategy officer Ian McIntosh with immediate effect.

Read more: South Africa falls into recession

Group chief financial officer Armand Lumens, who also announced his resignation today, has left the company for personal reasons. Lumens has been replaced by deputy chief financial officer Federico Cerisoli.

“I take the opportunity to thank Gonzalo for his contribution to the company, in particular as chief executive officer”, said supervisory board chair Margarita Louis-Dreyfus.

“Over that three-year cycle, he has successfully fulfilled his mandate of putting the Group in its current solid financial position and creating the conditions for the company’s next phase of growth. After this phase of consolidation, the new team is well positioned to drive future expansion.”

She added: "I would like to thank Armand for his valuable work as CFO and wish him well for the future. I also take the opportunity to offer my best wishes to Federico."

Read more: British American Tobacco boss to step down within next year

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