World Grain - December 2010 - 18

newsreview
Rusgrain Holding announces appointments
MOSCOW, RUSSIA - Rusgrain Holding OJSC announced on Nov.
8 several appointments for member companies.
Timur Butov was appointed CEO of Russian Grain LLC, the managing company of the agricultural holding, as well as general director
of Russian Grain Trading House LLC.
This is the first time that the CEO position has been introduced at
Russian Grain due to significant business growth. Day-to-day management of the agricultural holding, as well as further development
of the company's presence in the agricultural market, will fall within
the CEO's role.
Butov has 12 years of management experience in some of Russia's
leading agricultural holding companies. Earlier, Butov headed Razgulyay

Grain Company CJSC, member of the Razgulyay Group, for two years.
Maxim Chernikov was appointed to lead Russian Grain's foreign
economic activity department, a position he had previously held in
the Razgulyay Group.
"We are glad that our management team will be reinforced by such
professionals as Mr. Timur Butov and Mr. Maxim Chernikov. Mr.
Butov has an extensive management experience at grain companies,
and we believe that employing such a professional manager will contribute to further development of the trading and production divisions of the Group, as well as to a more efficient daily management
of the Group's activities from the single headquarters," said Alexey
Verkhoturov, general director of Russian Grain.

Bunge buys elevators from AGRI Industries, Morristown Grain Co.
ST. LOUIS, MISSOURI, U.S. - Bunge North America, the North
American operating arm of Bunge Limited, announced on Nov. 19 that it
has purchased three elevators from AGRI Industries, Inc. The elevators,
located in Meeker's Landing and McGregor, Iowa, U.S., and Fulton,
Illinois, U.S., were operated as part of a joint venture between AGRI
Industries and Bunge that was established in 2004.
"We appreciate our relationship with AGRI over the past six years
and are proud of the value the joint venture brought to AGRI members and to Bunge," said Bailey Ragan, vice-president and general

manager, Bunge Grain and U.S. Oilseed Processing. "We are happy
to be adding these elevators to Bunge's global network."
The three elevators have combined storage capacity in excess of
2.5 million bushels.
Bunge also announced on Nov. 4 that it purchased Morristown
Grain Co., Inc., which includes elevators in Morristown and Rushville, Indiana, U.S. The facilities have storage capacity of more than
6 million bushels. In addition to corn, the two elevators can handle
soybeans and wheat.

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World Grain - December 2010

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