Olam confirms cocoa business COO Amit Suri quits

An undated handout photograph shows an Olam International Ltd employee loading a truck with boxes of cashew nuts for export in Brazil.
An undated handout photograph shows an Olam International Ltd employee loading a truck with boxes of cashew nuts for export in Brazil. PHOTO: OLAM INTERNATIONAL LTD

SINGAPORE (REUTERS) - Singapore-based commodity trader Olam International Ltd confirmed on Friday (March 17) that Amit Suri, chief operating officer of its cocoa business, has left the company.

Suri was responsible for Olam's global cocoa operations. Joe Kenny, a member of the company's executive committee, will replace Suri.

Olam, which counts Singapore state investor Temasek Holdings and Japan's Mitsubishi Corp as its largest shareholders, is a major player in a number of commodities including cocoa, coffee and edible nuts.

In 2015, the company completed purchasing the global cocoa business of Archer Daniels Midland Co in a deal valued at US$1.2 billion.