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Tag Archives Viterra

Mayo Schmidt, shown here in Winnipeg in 2007, led Viterra until 2012. (Dave Bedard photo)
Crops, Machinery, Markets

Ex-Viterra chief to take Ontario’s Hydro One public

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Reading Time: 2 minutes The chief executive who morphed Saskatchewan Wheat Pool from a debt-crushed grain handler into Viterra, then oversaw its sale to Glencore, has been tapped to take Ontario’s Crown-owned power utility public. Toronto-based Hydro One on Thursday announced Mayo Schmidt as its new president and CEO effective Sept. 3, replacing Carmine Marcello. “We believe that Mr. […] Read more
The Andersons Grain Group’s Toledo-area elevator at Maumee, Ohio. (AndersonsGrain.com)
Crops, Markets, Reuters

Andersons shares up after report hints Glencore interest

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Reading Time: < 1 minute Reuters — Shares of U.S.-based agribusiness Andersons Inc. jumped more than six per cent on Friday, outpacing the sector, after a Bloomberg News report speculated that Glencore could be interested in acquiring the company. The story mentioned Glencore’s interest in expanding its agricultural assets and named Ohio-based Andersons as well as privately held companies Scoular […] Read more
(Dave Bedard photo)
Crops, Markets

Viterra boosts Glencore results

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Reading Time: 2 minutes Commodity giant Glencore saw its earnings from mining and oils drop last year, but saw a 172 per cent increase in its earnings from agricultural trading — largely due to results from Viterra. The world’s largest commodity trader on Monday reported overall EBITDA (earnings before interest, taxes, depreciation and amortization) of $12.8 billion on sales […] Read more
(Dave Bedard photo)
Crops

Ex-Viterra chief returns to Agrium board

Reading Time: < 1 minute No longer lined up to lead Louis Dreyfus’ global commodities operations, Mayo Schmidt is back on the board of one of the world’s major ag retail and fertilizer firms. Schmidt — previously CEO at Viterra, Canada’s biggest grain handling firm, from 2000 to 2012 — had stepped down last month from Calgary-based Agrium’s board of directors in light of […] Read more
Mayo Schmidt, shown here in Winnipeg in 2007, led Viterra until 2012. (Dave Bedard photo)
Crops, Markets

Ex-Viterra chief dropped as Dreyfus’ CEO-elect

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Reading Time: 2 minutes The terms by which Mayo Schmidt would lead Louis Dreyfus’ commodities business have led the company and its chosen CEO to part ways. Offering no further details, Louis Dreyfus Commodities said Wednesday the company and the former Viterra CEO “have jointly decided not to proceed” with Schmidt taking the helm, “while retaining the highest mutual […] Read more
Mayo Schmidt, shown here in Winnipeg in 2007, led Viterra until 2012. (Dave Bedard photo)
Crops, Markets

Ex-Viterra CEO to lead Dreyfus’ commodities business

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Reading Time: 2 minutes The CEO who stitched Viterra together from Canada’s Prairie pools has been named to lead Louis Dreyfus’ global commodities business. Mayo Schmidt was announced Friday as the new CEO of Louis Dreyfus Commodities (LDC), the “D” of the four “ABCD” companies dominating the global grain business. Schmidt takes the reins at Rotterdam-based Dreyfus effective Jan. […] Read more

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