Chinese state-owned food giant COFCO has appointed Matt Jansen to the post of chief executive officer, COFCO International, with immediate effect.
He will also continue to serve as CEO of COFCO Agri, a position he has held since last May. COFCO Agri is a subsidiary of COFCO International.
“Matt’s leadership will ensure the strong alignment we need to execute on our sustainable growth strategy,” said COFCO’s CEO Patrick Yu.
“We look to Matt to bring to COFCO International the same acumen and insight he has brought to COFCO Agri and to take responsibility for the enhanced operation, profits and investors returns of COFCO International and its overseas businesses… Matt’s leadership will ensure the strong alignment we need to execute on our sustainable growth strategy.”
Jansen joined COFCO Agri as a 25-year veteran in the agriculture industry. He held a number of positions of increasing seniority with Archer Daniels Midland (ADM ), including president of ADM’s Global Oilseeds business, the company’s largest global business unit. He was also the senior corporate Vice President and chief risk officer of ADM.
“I am honoured that Patrick and the board of COFCO International have confidence in the path we’ve set for ourselves,” said Jansen. “We have the opportunity to build a multi-flag global agribusiness serving new markets at a time of tremendous global change.”