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Olam Group CEO and CFO to Step Down to Lead Olam Agri

CEO Sunny Verghese and CFO N Muthukumar will leave Olam Group to lead the Saudi-backed Olam Agri unit. The transition follows a major corporate restructuring.

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The Singapore-listed agribusiness giant OLAM GROUP LTD has announced a major leadership transition as it continues its multi-year reorganization plan. Co-founder Sunny Verghese is set to step down as Group CEO following the company's annual general meeting on April 27, marking a significant shift for the conglomerate he helped build over nearly forty years.

An Olam corporate sign is displayed at the company's office in Singapore's central business district in early 2016. Photo credit: Edgar Su/Reuters.
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