The head of grain trading in North America at commodity giant Louis Dreyfus Co will retire at the end of the month, two sources with direct knowledge of the move said on Thursday.
A global glut of grain supply, low prices and limited volatility have curbed margins for the past two years at Louis Dreyfus and the other top grains traders that buy, transport and process crops such as wheat, soybeans and rice.
It was unclear who would replace Executive Vice President Steve Campbell, 54, when he steps down, said the sources. Campbell’s retirement was planned and voluntary, the sources said. Campbell has been at the company for 25 years.
