8 February 2000
Andre & Cie seeks chief

ANDRE & Cie, one of the worlds top five grain traders, is seeking a chief operating officer.

The company is owned by one of Switzerlands wealthiest and most secretive families.

Its decision to look for an outsider to manage its operations follows losses in soya bean trading on the Chicago Board of Trade last year.

Andre & Cie, which operates in more than 70 countries, is also cutting 15% of its 1500 workforce as it restructures to concentrate on more profitable and less risky operations.

The group is also seeking a partner for its South American oilseed crushing activities.

  • Financial Times 08/02/2000 page 19 (People on the Move)