US agri-food giant Bunge said it is to relocate its global headquarters to St.Louis, Missouri, as part of previously announced restructuring proposals.
It is currently based in White Plains, New York.
Bunge said the move will allow it to “leverage shared capabilities and enhance collaboration”.
Gregory Heckman, the company’s CEO, said: “While St. Louis is already an important hub for Bunge and our current North American operations, the city is also home to a number of food, agriculture, animal health and plant science organisations and customers.
“Moving the global headquarters to a location where Bunge has a major business presence is a big step forward in shifting the company’s operating model to align around a more efficient, streamlined global business structure.”
Bunge said it is in the early planning stages of the transition to the new global headquarters, which is expected to be completed by the end of the second quarter of 2020.
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It has not said anything about the future of its employees based in White Plains.
The company, which has 31,000 workers worldwide, announced in May that it was switching to a global operating model and away from a regional structure in an attempt to increase its “strategic flexibility” and speed up decision-making.
It also announced a raft of management changes at that time, including appointing John Neppl as head of finance.