WHITE PLAINS, N.Y. — Bunge Ltd. has announced Alberto Weisser will retire as chief executive officer, effective June 1, and Soren Schroder, c.e.o. of Bunge North America, will assume the role.

“Alberto has guided Bunge through one of the most significant and successful eras in its nearly 200-year history,” said L. Patrick Lupo, deputy chairman and lead independent director. “Under his leadership, Bunge became a public company and grew from a regional operation to a global player, active in over 40 countries and with leading positions in key products and markets. Most importantly, however, Alberto helped instill the culture and approach that form the foundation of the company and developed the talented team that is responsible for its success. We thank Alberto for his tremendous contributions to Bunge. We are fortunate to have a successor in Soren who can step into this role and ensure the business continues its strong momentum.”

Mr. Weisser has been with Bunge since 1993 and was named c.e.o. in January 1999. Mr. Schroder currently heads business operations in the United States, Canada and Mexico and previously held several agribusiness leadership roles in the company. Before his time with Bunge, he worked for Continental Grain and Cargill.

“Soren is a proven leader and has been instrumental to Bunge’s growth and success since he joined the company in 2000,” Mr. Mr. Weisser said. “He helped build our global agribusiness marketing and trading operation, developed our agribusiness franchise in Europe and the Middle East, and as c.e.o. of Bunge North America since 2010, has managed our complete value chain, including agribusiness, edible oils and milling, in a key region. In addition to an excellent track record as a commercial and operational manager, Soren possesses unparalleled industry expertise, market insight and understanding of our customers’ needs.”